Government Maintains Fuel Prices Despite Increases From WIOC

The content originally appeared on: Antigua News Room

Update on Fuel Prices

The West Indies Oil Company (WIOC) has reported a five (5) per cent increase in the cost of gasoline and a three (3) per cent decline in the cost of diesel.

Based on the refined pass-through mechanism for fuel prices, which takes into account revenue assurance, price stability, and maintenance of subsidies for certain petroleum products, the Government has decided to maintain the retail prices at the pump.

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Effective Wednesday 17, April 2024, fuel prices will be as follows:

Gasoline: $14.50 per gallon
Diesel: $14.25 per gallon
20 Pound LPG: $32.00 per Bottle
25 Pound LPG: $40.00 per Bottle
100 Pound LPG: $155.00 per Cylinder

The average regional prices for gasoline and diesel are currently $15.86 and $15.91 respectively while the regional average for the 20 pound and 100 pound cylinder of LPG is $38.66 and $204.18 respectively.

To support affordability for consumers, the Government continues to provide the following subsidies:

20 Pound LPG: Subsidy of $5.16 per bottle
25 Pound LPG: Subsidy of $6.45 per bottle
100 Pound LPG: Subsidy of $17.64 per cylinder

Margins for WIOC, inland transport, and gas station dealers remain unchanged.

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