Prices of most common petroleum products go up

POSTED: 04/13/12 4:32 PM

Diesel prices held stable

St. Maarten – The price of all but diesel fuel will go up on Saturday because of continued increases in the price of crude oil on the international market. The announcement of the changes is made in a notice signed by Minister of Tourism, Economic Affairs, Transportation and Telecommunications Franklin Meyers.

“On a global level, the prices for crude oil continue to increase. The main reason behind the current increase of crude oil is caused by the continuing tense international situation involving Iran, one of the major exporters of oil. It is expected and, as such, observed by many global experts that crude oil prices will remain at high prices during the coming months. Taking into consideration that our local prices of refined petroleum products follow the trend of the price of crude oil on the international market, our ULG and LPG prices have again seen a price increase,” Meyers states in his notice.

The price changes cover unleaded gasoline, which will go from 2.57 guilders to 2.65 guilders, 20 pound cylinders of cooking gas, which will go from 45 guilders per tank to 55 guilders per tank, and 100 pound cylinders of cooking gas, which will go from 165 guilders per tank to 182 guilders per tank. The price of bulk cooking gas will also be adjusted from 1.65 guilders per pound to 1.76 guilders per pound.

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