New fuel prices announced which, according to Ministry of Trade, could be higher if not for Government’s intervention

A gas station in Roseau

The Ministry of Trade and Commerce has regulated and announced the following retail prices for petroleum products in Dominica.

 According to Director of Trade, Matthan J. Walter, during a statement issued on Monday, the prices are as follows,  “Gasoline $16.47, diesel $16.58, [and] kerosene $16.57.”

He reported that these prices were kept lower than they usually would have been due to Government intervention by way of two subsidies.

“Subsidy one is the waiver of the customs service charge and subsidy two, the application of a subsidy on the landing cost for both gasoline and diesel,” he explained. “Without those subsidies, the price of gasoline and diesel would have been as follows in the Commonwealth of Dominica, gasoline $17.45 and diesel $17.17 respectively.”

Furthermore, he stated that in the neighbouring Caribbean islands of St Lucia and St Kitts & Nevis, the prices of those products are as follows: “In St Lucia gasoline is $17.95 and diesel is also $17.95per gallon.”

“In St Kitts & Nevis, the price of gasoline is $17.83 and $18.88, because they have two different suppliers of that product … and the price of diesel is $21.72 per gallon,” Walter indicated.

He told citizens that the increase in prices is now the new reality.

 “It has to be remembered that where those products are concerned, Dominica and other Caribbean countries and across the globe are price takers and not price makers,” Walter stated. “We, in Dominica especially, are not producers of any petroleum products.”

He urged prudence in livelihood choices and an adaptation to the current realities to ensure “our sustained comfort.”

Walter added that the Government of Dominica will continue to work towards easing the burden of this new reality on citizens.

He expressed that the good news, however, is that the country is experiencing a decrease in the retail price of Liquefied Petroleum Gas (LPG).

According to Walter, this is due to the warm summers that are giving rise to more external, outdoor activities. As a result, less gas is being used in the heating of homes and there’s a greater supply on the market. This in turn has caused the price of the product to go down.

“And so, in Dominica, a 20lb cylinder is now $36.62, which is a decrease of $2.91,” Walter explained. “The 27.5lb cylinder is $49.98, a decrease of $4.00; the 30 lb cylinder is $54.43 a decrease of $4.37 and the 100lb cylinder is $178.10, a decrease of $14.56. So, we have decreases across the board in LPG to the benefit of our consumers on the ground.”

Walter gave the assurance that the government will continue to work, within the context of the current reality, to ensure accessibility to utilities and accessibility also to the necessary products on the shelves.

“And we will do that by working collaboratively with our private sector, importers and distributors, and also our utility providers in Dominica,” he declared.

Walter concluded that the aim is to ensure that regardless of the difficulties in these times, the country’s citizens can continue to have a comfortable way of life.

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10 Comments

  1. REAL!!!!!
    June 23, 2022

    Minister Walter please stop taking us for fools……These other OECS countries economies are stronger than Dominica so the rates of fuel will be higher.

    What the GOVT should do is reduce the VAT on Fuel or remove it entirely for the period during this higher fuel cost due to the increase in world market prices.

    At this time the GOVT is collecting more revenues via VAT from us Dominicans as a result of the increase in fuel prices therefore making the people POORER!!!!!!

    Why is this GOVT improvising it citizens??

  2. John smalls
    June 23, 2022

    I can understand the prices in St. Lucia going up because they are getting their fuel from the OPEC market, but dominica is getting its fuel under the Petro Caraibe market and Petro Caraibe is from Venezuela and has nothing to do with OPEC. If Venezuela has not increased its prices why the hell are we paying so much for Petro Caraibe fuel. I would love for our prime minister to answer this question..

  3. Original
    June 23, 2022

    Matthan J. Walter,, how many citizens could possibly have a comfortable way of life in this circumstances? When we look at the lengthen of time that you’ve been trade director, i must ask where is the plan for our energy independence? We’ve a decommissioned garbage dump another to capacity, why has this government not seen it fit to harvest the trapped methane gas along with the production of biogas so as to eliminate the import of LPG gas? This could significantly reduce the cost to consumers and even erase it for others, especially persons in rural communities. You’re a lawyer not a trade expert, you should be fighting for human rights, isn’t your area of expertise?

  4. Toto
    June 22, 2022

    Not your fault but it is a price rise whatever wrapping you use to package it. We never get a stimulus package and most people still waiting for A pay rise, that is if they are lucky enough to have a job that is. But still, some living high on the hog. Animal farm for real.

    Well-loved. Like or Dislike: Thumb up 8 Thumb down 0
  5. We the People
    June 21, 2022

    They will not bring down the price cause they are broke!!! And remember they have to pay civil servants the other half salary this month

  6. Beta
    June 21, 2022

    Why are these charges applied in the first place? Skerrit should place the missing CBI money back in to state coffers and use it for the good of the Dominican people instead just for him and the cabal.

    Well-loved. Like or Dislike: Thumb up 14 Thumb down 0
  7. Ibo France
    June 21, 2022

    It is of no consequence or even silly to compare the prices of commodities in the different countries of the Caribbean.

    In many of these countries the average take home pay is much higher than that of Dominica. Although no one likes increases in the cost of living, the citizens in these islands are in a better position to absorb the increases than in Dominica, where people are paid unlivable wages. Dominica has the lowest minimum wage in the OECS.

    There is need for COMPLETE TAX HOLIDAY on on fuel taxes for a reasonable period of time. Most of these countries also got stimulus packages in cash, reduction in taxes, deferred payments of electricity, water, mortgages, loans and in other financial monthly obligations.

    Trying to justify this increase in fuel prices by comparison with other neighbouring countries is completely misguided.It’s just political shinanigans.

    Well-loved. Like or Dislike: Thumb up 28 Thumb down 1
  8. Jonathan Y St Jean
    June 21, 2022

    So Matthan Walter, what about Petro Caraibe? Your government boasted to us when that was established that it would assist in lowering the cost of petroleum to the consumer. You have failed to mention it in your statement. Can you shed some light Matthan Walter? Petro Caraibe!!!

    Well-loved. Like or Dislike: Thumb up 25 Thumb down 1
  9. Pipo
    June 21, 2022

    You spin a good yarn Mr. Walter but everything is relative as you should know and when you quote higher fuel prices in neighbouring OECS countries as a demonstration of our goverment’s diligence and consumer consideration you conveniently do not touch upon affordability. The wages in Dominica are considerably lower than those of our neighbours. Don’t be too smart and smug Mr. Walter, lest you be found out and rightfully challenged.

    Well-loved. Like or Dislike: Thumb up 28 Thumb down 0
  10. Dominican
    June 21, 2022

    Dominican. St Kitts government paying there works very well . And they using there CBI to bring investment to there country.

    Well-loved. Like or Dislike: Thumb up 26 Thumb down 1

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