Categorized | Local, News

Big decrease in LPG price

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Households on Montserrat are now paying less for liquefied propane gas or cooking gas. The price of a 100lb cylinder of liquefied petroleum gas (L.P.G.) is $37.00 less than it was at the start of the year.

A ZJB news report states that “The Ministry of Trade says the price reduction reflects the decline in prices of oil and gas around the world, since January it has been a noticeable and steady decrease in the price of L.P.G. at the start of the year consumers paid $190.00 to refill a 100lb cylinder.”

Acording to the report it says: “Today the price is $153.00, with analysts projecting further reductions in the price of L.P.G. as a result of the over supply situation of petroleum products in the world oil market.”

This information suggests that the 20lb cylinder which was sold in some places for $40.00, the price should now be approximately $32.00 per cylinder.

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Households on Montserrat are now paying less for liquefied propane gas or cooking gas. The price of a 100lb cylinder of liquefied petroleum gas (L.P.G.) is $37.00 less than it was at the start of the year.

A ZJB news report states that “The Ministry of Trade says the price reduction reflects the decline in prices of oil and gas around the world, since January it has been a noticeable and steady decrease in the price of L.P.G. at the start of the year consumers paid $190.00 to refill a 100lb cylinder.”

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Acording to the report it says: “Today the price is $153.00, with analysts projecting further reductions in the price of L.P.G. as a result of the over supply situation of petroleum products in the world oil market.”

This information suggests that the 20lb cylinder which was sold in some places for $40.00, the price should now be approximately $32.00 per cylinder.