However, when compared to oil rich Trinidad, consumers in St. Kitts & Nevis are paying higher prices for all stated oil and diesel products.
That’s according to a government release indicating that even though the price of oil on the world market has increased, generally, the cost for the product here has been kept lower than in most OECS countries. The same is said when it comes to the costs for diesel and liquid petroleum gas.
It should also be pointed out that this does not mean that consumers in the federation have not been finding it difficult to meet their monthly gas and diesel bills, especially since the prices have been fluctuating for the past months, and are still considered by motorists and other users, to be exorbitant and causing a strain on their budgets.
The Caribbean Energy Information System (CEIS), in its May-June issue, stated that oil prices proved unpredictable at the beginning of May, fluctuating 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 Caicos 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.