Fuel Prices Reduced Effective Friday, August 16
The Ministry of Finance announced that effective last Friday [Aug 16], prices for petroleum products in Bermuda were reduced, with gasoline dropping -2.9 cents/litre, diesel down -1.6 cents/litre and kerosene reduced by –1.4 cents/litre.
As a result the maximum retail prices which can be displayed on pumps for petroleum products are:
- Gasoline 211.20 cents/litre
- Diesel 187.80 cents/litre
- Kerosene 157.50 cents/litre
Interesting how the price of fuel has gone down. So can the Government please ask Belco to explain why there is an increase in everyone’s fuel adjustment charges???
Bernews, you do realise that a negative decrease is actually a positive increase. That is, technically, “gasoline dropping -2.9 cents/litre” would increase the price of gasoline by 2.9 cents; the negative of a negative is a positive. I believe it should read “gasoline dropping 2.9 cents/litre”.
Ride