St. Kitts and Nevis consumers paying less for LPG and unleaded gasoline than most OECS countries

BASSETERRE, ST. KITTS, AUGUST 10TH 2011 – Despite increases in world oil prices, residents in St. Kitts and Nevis are still paying less for unleaded gasoline, diesel and liquid petroleum gas than most of their counterparts in the Caribbean except Trinidad and Tobago.

According to the Caribbean Energy Information System (CEIS), in its May-June issue, oil prices proved unpredictable at the beginning of May fluctuated between US$131 and US$97 per barrel and in June between US$98 and US$102.

CEIS said Caribbean Petroleum retail prices at the pump for May to June ranged from a low of U$1.08 in Guyana and US$1.14 per litre in St. Kitts and Nevis to a high of US$1.59 in Barbados and the British Virgin Islands in May and US$1.10 per litre in St. Vincent and the Grenadines to US$1.59 per litre in Barbados.

In May, in the OECS, the average price of unleaded gasoline was US$1.25 per litre in Antigua and Barbuda; US$1.21 in Dominica; US$1.29 in Grenada; US$1.38 in Montserrat; US$1.14 in St. Kitts and Nevis; US$1.27 in St. Lucia and US$1.10 in St. Vincent and the Grenadines.

It was US$1.47 in The Bahamas; US$1.59 in Barbados; US$1.54 in Belize; US$1.08 in Guyana; US$1.29 and US$1.35 in Jamaica; US$155 and US$1.56 in Suriname; US$0.42 and US$0.64 in Trinidad and Tobago and US$1.45 in the Turks and Caicos Islands.

In June, it was US$1.33 in Antigua and Barbuda; US$1.27 in the British Virgin Islands; US$1.24 in Dominica; US$1.32 in Grenada; US$1.42 in Montserrat; US$1.19 in St. Kitts and Nevis and US$1.10 in St. Vincent.

Unleaded gasoline cost US$1.47 in The Bahamas; US$1.59 in Barbados; US$1.56 and US$1.51 in Belize; US$1.12 in Guyana; US$1.29 and US$1.35 in Jamaica; US$1.51 and US$1.55 in Suriname; US$0.64 and US$0.42 in Trinidad and US$1.51 in the Turks and Caios Islands.

In May, in the OECS, Liquefied Petroleum Gas (LPG) was 64 US cents in St. Kitts and Nevis; US$1.25 in Antigua and Barbuda; US$1.00 in the British Virgin Islands; 81 US cents in Dominica; US$1.13 in Grenada; 90 US cents in Montserrat; US$1.04 in St. Lucia and 75 US cents in St. Vincent and the Grenadines.

There was no significant increase in June.

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