Gas, diesel prices drop by 10 cents Saturday

POSTED: 05/13/11 12:28 PM

St. Maarten – Gas prices will go down by 10 guilder cents on Saturday. Diesel prices are also set to go down by 17 guilder cents at the same time. The drop in prices was announced by Minister of Tourism, Economic Affairs, Traffic and Telecommunication Franklyn Meyers on Thursday.

The current price of gasoline is 2.73 guilders ($1.52) per liter. When it drops on Saturday the price will be 2.63 guilders ($1.46) per liter. At the moment diesel costs 2.33 guilders ($1.29). When it drops on the price will be 2.16 guilders ($1.20).

The decreases are being made because of a lack of progress in achieving a peace deal in Libya and the death of Al-Qaeda leader Osama Bin Laden have put downward pressure on the global oil price.

 

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