The General public is hereby informed that, effective, Wednesday 18th, January 2012, the retail prices of petroleum products (Gasoline, Diesel, Kerosene and LPG {Cooking Gas}) in the State of Grenada will be as follows: Grenada: Products Old Price New Price Gasoline $14.99/IG $15.12/IG Diesel $15.26/IG $15.01/IG Kerosene $11.82/IG $12.09/IG L.P.G (Cooking Gas): 20 lbs Cylinder $45.00 $45.00 100 lbs Cyl $269.01 $264.97 Bulk $2.75/lb $2.71/lb Carriacou Products Old Price New Price Gasoline $15.15/IG $15.28/IG Diesel $15.42/IG $15.17/IG Kerosene $12.51/IG $12.25/IG L.P.G (Cooking Gas): 20 lbs Cylinder $54.00 $54.00 100 lbs Cylinder $292.01 $287.97 Bulk $2.75/lb $2.71/lb Petite Martinique: Products Old Price New Price Gasoline $12.15/IG $12.28/IG Diesel $12.42/IG $12.17/IG Kerosene $12.42/IG $12.25/IG The new Retail Prices are computed based on the average FOB costs: that is; (Ex-refinery prices), for the period, 13th December, 2011 to the 12th January, 2012. It important for the public to understand that notwithstanding efforts by Government, petroleum prices are likely to remain high and continue to rise in the next few months. It should be noted that Grenada imports nearly all of its fuel. Consumers are urged to act wisely by conserving and using energy efficiently. Furthermore, consumers are encouraged to immediately notify the Price Control/Consumer Affairs Unit in the Ministry of Finance of any instance of overpricing at telephone number 440-1369. Energy Division Ministry of Finance