FUEL PRICE CHANGE

The Star (St. Lucia) - - LOCAL -

The Of­fice of the Prime Min­is­ter ad­vises that, in keep­ing with the changes in in­ter­na­tional oil prices, the re­tail prices of all pe­tro­leum prod­ucts have been changed with the ex­cep­tion of Kerosene. These changes re­flect de­vel­op­ments in in­ter­na­tional oil prices over the five weeks May 30th – July 3rd, 2016.

Un­der the three-week mar­ket pass-through sys­tem, the ref­er­ence pe­riod (the pe­riod dur­ing which fuel is im­ported into Saint Lu­cia) is three weeks. How­ever, as there was a 2-week de­lay in im­ple­ment­ing the pre­vi­ous price change due to the elec­tions, the ref­er­ence pe­riod was ex­tended by an ad­di­tional two weeks to ac­count for the de­lay.

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