Government Maintains Fuel Prices With Increased Subsidy Support

by Office of the Prime Minister
SUBSIDIES REDUCE THE AMOUNT CONSUMERS PAY BY COVERING PART OF THE COST.

The Government of Saint Lucia is maintaining retail prices for gasoline, diesel, kerosene and cooking gas from October 26 to November 15, 2026, through continued subsidy support to cushion costs for consumers.

Subsidies on gasoline, diesel and kerosene have increased for this pricing period. Cooking gas continues to receive substantial support, with Government covering more than half the price of the 20-lb and 22-lb cylinders.

Under the Government’s modified market pass-through petroleum pricing mechanism, the retail prices effective October 26, 2026, are as follows:

· Gasoline remains unchanged at $17.25 per imperial gallon or $3.79 per litre.

· Diesel remains unchanged at $17.25 per imperial gallon or $3.79 per litre.

· Kerosene remains unchanged at $10.41 per imperial gallon or $2.29 per litre.

· Liquefied Petroleum Gas (LPG) 20-lb cylinder remains unchanged at $36.00 per cylinder.

· LPG 22-lb cylinder remains unchanged at $40.00 per cylinder.

· LPG 100-lb cylinder remains unchanged at $324.88 per cylinder.

· Bulk LPG remains unchanged at $3.12 per pound.

Subsidies reduce the amount consumers pay by covering part of the cost. For this period, Government provides $1.15 per imperial gallon of gasoline, $2.50 per imperial gallon of diesel and $7.68 per imperial gallon of kerosene. Without these subsidies, prices would be $18.40, $19.75 and $18.09 per imperial gallon, respectively.

The subsidy on the 20-lb cooking gas cylinder is $40.25, while the subsidy on the 22-lb cylinder is $43.87. Without this assistance, the cylinders would cost $76.25 and $83.87, respectively, compared with their selling prices of $36.00 and $40.00.

The 100-lb cylinder receives a subsidy of $56.35, while bulk LPG receives a subsidy of $0.56 per pound. Without this support, their prices would be $381.23 per cylinder and $3.68 per pound, respectively.

Conflict involving Iran and disruptions to international oil supplies and shipping continue to put pressure on fuel markets. Saint Lucia’s import costs for gasoline, diesel and kerosene increased during the reference period.

Government does not control the price of oil overseas, but it has increased subsidies on these products to keep retail prices unchanged. Continued support for cooking gas also limits the costs households and businesses would otherwise have to bear.

These prices apply until November 15, 2026. The next fuel price adjustment is expected on November 16, 2026, in keeping with the three-week pricing cycle.

Real Estate