Vincentians paying less for gasoline

KINGSTOWN, St. Vincent – Vincentians yesterday began paying EC$0.76 less per gallon of gasoline at the pumps.

The government, based on its rolling three-month average system of pricing the fuel, has reduced the price per gallon from EC$14.66 to EC$13.90

“… depending on what the rolling three-month average provides, we either keep the price the same way, we bring it down or we put it up,” Prime Minister Gonsalves said at a press briefing yesterday.

“It is completely transparent and you can check, for instance, what the price for Brent Crude is on the international market and then you can see what are the mean postings in the Caribbean and broadly, you can look at a comparison between ourselves and what is taking place in the rest of the Caribbean. Completely open and transparent,” Gonsalves said.

He said that his government tries to iron out peaks and troughs in the price of gasoline by using the rolling three-month average.

“But we are subject to the forces of supply and demand and the intervening managerial forces of this important commodity,” he said.

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5 thoughts on “Vincentians paying less for gasoline

  1. A hope we light bill will go down now. Had to pay $168.84 more this month! About the same amount ah current used, but mo’ money. MURDA!

    Posted by OLBAP | February 14, 2012, 11:31
  2. How about the lie you told us about petroCaribe, that petroleum products would be cheaper, then the story changed after the election.

    Liar! liar knickers on fire, keep the fire burning

    Posted by Peter | February 14, 2012, 13:02
  3. Election anouncment coming soon.

    Gas down in price.

    Holes in road repairs gathering momentum.

    Plenty of chest thumping by Gonsalves, looks like a gorrilla, smells worse.

    Cousin, the Frances boy, the unelected unelectable, keeping his mouth shut, laying low.

    Plenty of lies, flowing like water.

    Posted by Peter | February 14, 2012, 18:10
  4. Did Vinlec get the memo? Electrcity rates saw a significant bump just from the previous month!

    Posted by vincentsvg | February 14, 2012, 21:43
  5. Is VINLEC still supplying the Argyle airport with diesel fuel, have they ever paid for what the owed VINLEC for fuel?

    That the kind of thing that bumps up our electricity bills.

    Posted by Peter | February 26, 2012, 17:46

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