Despite increasing international oil prices, consumers in Saint Lucia will continue paying the same prices for gasoline, diesel, kerosene and most liquefied petroleum gas (LPG) products for the remainder of May, as the Government maintains substantial fuel subsidies aimed at cushioning households and businesses from global energy volatility.
In a statement issued Monday, the Office of the Prime Minister announced that retail fuel prices for the period May 11 to May 31, 2026, would remain largely unchanged under the Government’s modified market pass-through petroleum pricing mechanism.
Gasoline will remain at $3.52 per liter or $16.00 per imperial gallon, while diesel will stay at $3.52 per liter or $16.00 per imperial gallon. Kerosene remains unchanged at $2.13 per liter or $9.66 per imperial gallon.
The prices of 20-pound and 22-pound LPG cylinders will also remain steady at $34.00 and $38.00 respectively.
However, the Government confirmed increases for larger LPG products. The 100-pound cylinder has risen from $263.50 to $288.50 per cylinder, while bulk LPG increased from $2.51 to $2.76 per pound.
According to the Government, the unchanged prices for key petroleum products are being sustained through targeted subsidies designed to absorb the impact of rising international fuel costs.
“For this period, gasoline carries a subsidy of $1.14 per imperial gallon, diesel carries a subsidy of $1.65 per imperial gallon, and kerosene is subsidized at $6.76 per imperial gallon,” the statement said.
The Government added that LPG subsidies also remain “significant”, with subsidies of $39.97 and $43.37 applied to the 20-pound and 22-pound cylinders respectively.
Meanwhile, the 100-pound cylinder is being subsidized at $81.35 per cylinder, while bulk LPG is subsidized at $0.81 per pound.
Officials stated that without the subsidies, consumers would face considerably higher prices. A 20-pound LPG cylinder would retail at approximately $73.97, while a 22-pound cylinder would cost about $81.37. The 100-pound cylinder would rise to roughly $369.85.
“Current retail prices remain significantly lower due to continued Government intervention to shield households and businesses from the full impact of global energy price volatility,” the statement noted.
The Government said the measures are intended to “protect consumers, households and key sectors of the economy from continued volatility in global energy markets”.
The next fuel price adjustment is scheduled for June 1, 2026.