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Lower gas prices for May 2025

This story was posted 1 year ago
18 May 2025
in Business, Notice, PRESS RELEASE
2 min. read
Image by Engin Akyurt from Pixabay
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The general public is informed that effective Sunday, 18 May 2025, the retail prices of petroleum products (Gasoline, Diesel, Kerosene, and Liquified Petroleum Gas (LPG), commonly known as Cooking Gas), in the State of Grenada will be as follows:

GRENADA, CARRIACOU, AND PETITE MARTINIQUE

Product Old Price/IG New Price/IG Price Change
Gasoline $14.87 $14.19 $0.68 decrease
Diesel $13.99 $12.93 $1.06 decrease
Kerosene $ 10.26 $ 9.64 $0.62 decrease

GRENADA

LPG (Cooking Gas) Old Price New Price Price Change
20 lb Cylinder $40.00 $40.00 No change
100 lb Cylinder $233.85 $212.85 $21.00 decrease
Bulk/lb $2.40 $2.20 $0.20 decrease

CARRIACOU AND PETITE MARTINIQUE

LPG (Cooking Gas) Old Price New Price Price Change
20 lb Cylinder $49.00 $49.00 No change
100 lb Cylinder $256.85 $235.85 $21.00 decrease
Bulk/lb $2.40 $2.20 $0.20 decrease

Notes:

  • The Ministry of Finance continues to monitor petroleum product prices and will intervene as necessary if prices exceed $17
  • Petroleum Product Prices of Gasoline, Diesel, and Kerosene within the State of Grenada are now fully harmonised in line with statements made by the Minister of Finance in the 2023 Budget Speech
  • The new retail prices are computed based on the average of the actual cost, freight, and insurance rates for Gasoline, Diesel, and Kerosene; however, for LPG, the mean Caribbean postings (Platts) for cost were used over the period 15 April to 12 May 2025
  • Petroleum products are price-controlled goods; therefore, no retailer shall vary the stated prices

Consumers are strongly encouraged to immediately notify the Price Control/Consumer Affairs Unit in the Ministry of Legal Affairs, Labour and Consumer Affairs of any instance of overpricing at telephone number 435-1459.

Ministry of Finance

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Tags: cookingdieselgasgisharmonisedkeroseneliquid petroleum gaslpgministry of financeoverpricingpetrolpetroleumprice

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