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10/31/2005 
ST LUCIA, ST VINCENT & THE GRENADINES HAVE LOWEST FUEL ...  
CASTRIES, St Lucia: St Lucia and St Vincent and the Grenadines currently have the lowest fuel prices in the member-states of the OECS. Following recent fuel adjustments in the member-states of the sub-regional grouping, prices for fuel still remain higher in Anguilla, Antigua & Barbuda, Dominica, Grenada and Montserrat. Anguilla has the record for the highest fuel prices in the sub-region, with a gallon of petrol currently priced at $13.86. In Antigua & Barbuda, the price now stands at $11.89, while in Dominica it costs $10.32 per gallon. In Grenada, a gallon costs $10.89 and in Montserrat the price is $10.06 per gallon. In the case of St. Kitts & Nevis, a gallon of gas currently costs $8.30, but the Government there has indicated the price will increase as of November 1 to $10.50 per gallon. In St. Vincent and the Grenadines, fuel still costs $8.00 per gallon, while in St. Lucia the cost is $9.50 per gallon. The member-states of the OECS recently revisited the effect of rising oil prices on the economies of the sub-region and have adopted new mechanisms for accessing and adjusting fuel prices within the grouping of island-states. The member-states of the Eastern Caribbean Currency Union (ECCU) have agreed that continued subsidy of fuel prices is no longer sustainable and have been warned that should the increases continue they may have to make further adjustments to fuel prices in the future. Reprinted from Caribbean Net News caribbeannetnews.com
 

 


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ST LUCIA, ST VINCENT & THE GRENADINES HAVE LOWEST FUEL ...