Fuel prices in St. Vincent and the Grenadines have increased seven times over the last year, resulting in gasoline prices being almost twice what it was in September 2020.
On Oct. 1, Vincentians began paying EC$14, for a gallon of gasoline at the pump, EC$5.50 more than in September 2020.
At the same time, the price of low sulfur diesel now stands at EC$11.20 a gallon –EC$2.90 more than it was a year earlier.
High sulfur diesel goes for EC$11.25 at the pump — EC$2.70 more than in September 2020.
The latest price increase came less than a month after the government hiked the prices of fuel.
On Sept. 6, the price of gasoline was increased to EC$13.75 per gallon, up from EC$13.40, the price that came into effect on Aug. 9.
At the same time, low sulfur diesel saw a 30-cent increase per gallon, retailing for $11.05 on Sept. 6. Low sulfur diesel saw a similar increase, rising to EC$11.20.
In addition to the price hikes on Oct. 1, Sept 6 and Aug. 9, the price of fuel at the pump was increased on July 5, May 25 and March 22. Before March 22, the last increase was on Sept. 28, 2020.