The price of fuel at the pump was reduced in St. Vincent and the Grenadines on Monday, the sixth decrease in as many months.
The price per gallon of gasoline is now EC$10.56.
The new price is 91 cents less than the price announced last month, when it moved to EC$11.47, down from EC$12.72 — a reduction of EC$1.25.
The price locally has fallen by a total of EC$4.72 since last October, as the price of oil on the international market has fallen by more than half over the last few months.
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Diesel is now EC$10.13 per gallon, down from EC$11.04.
Low sulphur diesel, a new category introduced last month, has also been reduced by 98 cents and will now retail at $10.81.
“The price reductions are in line with the government’s three-month rolling average which reflects the price paid for fuel on the regional market,” Hans King, press secretary to Prime Minister Ralph Gonsalves told the media on Monday.
“This reduction has also been reflected in the price of LPG (‘cooking gas’) and a reduction in the fuel surcharge for electricity bills,” King said.
Vincentians last month also saw their first reduction in cooking gas since 2011.