Monday, June 11, 2007
In Grenada, the price of gasoline, diesel and kerosene has gone up. Government officials in the Eastern Caribbean Island say that the increase is due to an increase in oil prices on the World Market. Under the new price structure, gasoline has risen from EC$10.95 to EC$13.09 per gallon which is approx 4. 82 US dollars, kerosene to EC 8.83 or US 3.25 per gallon and diesel from EC$10.48 to EC$11.29 per gallon, US $4.16. Members of Grenadas Bus Association have lamented the price increase and say that as long as the price structure remains in effect, the increase will have to be reflected in the bus fares and the cost of public transportation will therefore, have to increase.