DROP IN LPG PRICES, WILL ENERGY MINISTRY EVER SHOW PRICING STRUCTURE?
Effective midnight Sunday 6th September there was a drop in the retail price of liquefied petroleum gas (LPG).
According to a statement from the Division of Energy, the price of the 100 lb cylinder moved from $156.36 to $151.29, a reduction of $5.07. The 25 lb cylinder will now retail at $42.92, down from $44.19, a saving of $1.27, and the new price of the 22 lb cylinder is $37.94, a decrease of $1.11. There has been a $1.01 reduction in the price of the 20 lb cylinder, which will now retail at $34.49.
These adjustments in retail prices are due solely to changes in the CIF (cost, insurance, freight) of these refined products. (JS/BGIS)