In response to a recent surge in consumer product prices, notably gas cylinders, the government has announced additional subsidies aimed at helping alleviate the impact of rising fuel costs.
A statement from the Office of the Prime Minister (OPM) confirms that support for gasoline, diesel, and cooking gas has been increased, reducing the burden on households and businesses affected by higher import expenses. From October 5 to 25, 2026, the prices for gasoline, diesel, kerosene, and the 20-lb and 22-lb cooking gas cylinders will remain unchanged.
However, due to renewed military tensions between the United States and Iran, disruptions in oil shipments through the Strait of Hormuz and other global supply pressures have led to a rise in international oil prices. The average price of West Texas Intermediate (WTI) crude oil has increased by 13.3% to $97.50 per barrel.
During the reference period from September 7 to 27, 2026, Saint Lucia’s import costs for gasoline, diesel, and liquefied petroleum gas (LPG) have similarly climbed.
The OPM emphasizes that the government’s additional subsidies help mitigate the transfer of these increased costs to consumers. While the retail prices for several fuel products remain unchanged, there are adjustments to the largest cooking gas cylinder costs.
Under the modified market pass-through petroleum pricing mechanism, the effective retail prices as of October 5, 2026, are as follows:
– Gasoline: $17.25 per imperial gallon / $3.79 per liter
– Diesel: $17.25 per imperial gallon / $3.79 per liter
– Kerosene: $10.41 per imperial gallon / $2.29 per liter
– 20-lb LPG Cylinder: $36.00
– 22-lb LPG Cylinder: $40.00
– 100-lb LPG Cylinder: increased from $314.88 to $324.88
– Bulk LPG: increased from $3.02 to $3.12 per pound
The government’s subsidies cover part of these costs, allowing consumers to pay less.
For this period, the subsidies are as follows:
– Gasoline: $0.16 per imperial gallon
– Diesel: $2.40 per imperial gallon
– Kerosene: $5.22 per imperial gallon
– 20-lb LPG Cylinder: increased to $40.47
– 22-lb LPG Cylinder: increased to $44.11
– 100-lb Cylinder: subsidy increased to $57.45
– Bulk LPG subsidy: increased to $0.57 per pound
Without these subsidies, the prices would be significantly higher, with the 20-lb and 22-lb cylinders costing $76.47 and $84.11, respectively.
The 100-lb cylinder would see a price of $382.33 without the subsidy, highlighting the vital role these financial aids play in supporting consumers.
These prices will remain in effect until October 25, 2026, with the next fuel price adjustment scheduled for October 26, 2026, in accordance with the standard three-week pricing cycle.