From mid-night April 3, consumers in Barbados paid more for gasoline and diesel products. The price of gasoline rose from $3.99 BDS per litre to $4.13 ($0.14 or a 3.5% increase from the last change of March 16). The price of diesel also rose, going from $3.31 BDS per litre to $3.45 ($0.14 or a 4.2% increase from the last change of March 16).
Government announced the capping of VAT on gasoline and diesel as part of its Budget and Financial Proposal 2022 (resulting in the price change of March 16). However, given the increases in the prices of oil internationally, fuel prices were adjusted upward for April 2022.
(Source: Barbados GIS)
The rest of this post explores this month’s price change in five charts.
Chart 1 Below: Month over Month % Retail Price Variance for Gasoline from January to April 2022.
Chart 2 Below: Month over Month % Retail Price Variance for Diesel from January to April 2022.
Chart 3 Below: Retail Prices for Gasoline and Diesel in Barbados from January 2015 to April 2022 (click image to enlarge).
Chart 4 Below: Retail Prices for Gasoline and Diesel in Barbados showing the months of April from 2015 to 2022.
Chart 5 Below: Retail Price difference for Gasoline and Diesel in Barbados for April 2022.
caribbeansignal.com is the personal blog of Amit Uttamchandani. The information presented here does not represent the views, beliefs, opinions, et cetera, of Amit’s employers or associates (past or present).
Help support caribbeansignal.com, please consider donating Ethereum to Amit’s wallet: 0x98b09e1C0a9c80014205e41E8f7a6357f09e9Dc3.
Related