GOVERNMENT ANNOUNCES FURTHER REDUCTION IN FUEL PRICES

Government has again reduced the price of petroleum products to consumers; the sixth for the year. The last one was on November 21, 2008.

Effective Friday, December 12, 2008, Dominican consumers were paying less to fill their gas tanks, following Government’s decision to drop prices in keeping with the fall in price on the international market.

Motorists are now paying $9.09 for a gallon of gasoline, down by 96 cents; $10.04 for diesel and $8.83 for kerosene.

The reduction is 9.5% or 96 cents per gallon in the case of gasoline below the previous level of $10.05, 6.7% or 67 cents per gallon for diesel and 7.7% or 74 cents per gallon for kerosene. The total reductions since June 20, 2008, now stand at $6.60 per gallon, $5.93 per gallon and $6.04 per gallon on gasoline, diesel and kerosene respectively.

Government has also announced a reduction in the price of liquefied petroleum gas commonly referred to as “cooking gas.” As of today Monday December 15, 2008, consumers are paying $128.19 per 100 lb cylinder, $39.46 per 30 lb cylinder, $36.25 per 27.5 lb cylinder and $26.64 per 20 lb cylinder. This is the lowest that prices have reached since the implementation of the new LPG pricing and taxation formula on October 10, 2005.

The prices announced previously on October 24, 2008 were $165.83 (100 lb cylinder), $50.75 (30 lb cylinder), $46.60 (27.5 lb cylinder) and $34.17 (20 lb cylinder).

The general public is being reminded of Government’s announced decision in the 2008/09 Budget Presentation to remove the Excise Tax which was applied to liquefied petroleum gas as part of its effort to address the concerns of the cost of living in Dominica and in particular, to minimize the cost to the consumer. The Excise tax which was implemented on March 1, 2006, had been fixed at $0.45 per kilogram. This translated to 20 cents a pound or $4.08 per 20 pound cylinder.

The public is also being reminded that LPG is a controlled item, and in accordance with the Supplies Control Act, Chapter 20:01 of the Laws of the Commonwealth of Dominica (1990) Edition, no person shall, in respect of any goods the maximum price of which has been fixed by an Order under Section 4 (1) (c) of the Act, “sell or agree to sell any such goods at a greater price than the maximum price.”

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