Dominica announces reduction in fuel prices
The Government of Dominica has approved a reduction in the prices of petroleum products after a review of prices for the regulatory cycle from November 27 to December 15.
The government says effective December 27, 2023, the new retail price for gasoline is $13.91 per gallon, a reduction of $0.34 or 2.4 per cent.
The diesel price has been reduced to $13.41 per gallon by $0.89 or 6.2 per cent, and kerosene to $11.32 per gallon, a reduction of $1.41 or 11 per cent.
The decrease in commodity prices is based on an increase in US crude production, which has resulted in a surge in inventory available on the market.
The Government of Dominica says it will continue implementing measures to mitigate inflation and cushion the impact of adverse market forces on consumers.
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