Wednesday, December 17, 2014 | 4:11 PM
KINGSTOWN, St Vincent (CMC) – The state-owned St Vincent Electricity Services Limited (VINLEC) has announced a drop in its fuel surcharge for this month, resulting in consumers paying the lowest fuel surcharge on their electricity bills since 2011.
“The 40.65 cents per unit is the lowest since March 2011,” Communications Consultant in the office of the Prime Minister, Elson Crick said in a brief statement, announcing also a reduction in the price of gasoline at the pumps.
He said that as of Monday, the price of gasoline moved from EC$14.42 to EC$13.81 (One EC dollar =US$0.37 cent) per gallon, a reduction of EC$0.61 cents.
It was the third reduction in gasoline prices over the last three months, as fuel prices continue to tumble internationally.
In October, consumers saw a reduction of EC$0.40 cents per gallon and in November, the price per gallon fell by a further EC$0.46 cents, bringing the total reduction over the three-month period to EC$$1.47.
“The reductions are in keeping with the government’s policy of using a three-month moving average for the price of fuel and reflect a downward movement in the price of oil on the international market,” Crick said.
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St Vincent gas prices lowest since 2011
