The Government of Grenada has announced substantial reductions in petroleum product prices across the nation, effective Sunday, January 18, 2026. This price adjustment represents a significant economic relief measure for consumers and businesses throughout Grenada, Carriacou, and Petite Martinique.
Substantial price decreases have been implemented across most fuel categories. Diesel prices will experience the most dramatic reduction, dropping by $1.98 from $14.33 to $12.35 per imperial gallon. Gasoline prices will decrease by $0.33 to $13.49, while kerosene will see a $0.96 reduction to $9.57 per imperial gallon.
For liquefied petroleum gas (LPG), commonly known as cooking gas, the changes vary by container size and location. The standard 20 lb cylinder price remains unchanged at $40 in Grenada and $49 in Carriacou and Petite Martinique. However, 100 lb cylinders will decrease by $13.05 to $209.55 in Grenada and $232.55 in the sister islands. Bulk LPG prices will drop by $0.10 per pound to $2.20 across all territories.
The Ministry of Finance confirmed that petroleum product prices for gasoline, diesel, and kerosene have now been fully harmonized throughout the state, fulfilling commitments made by the Finance Minister during the 2023 Budget Speech. These new retail prices were calculated based on average actual cost, freight, and insurance rates for the period December 15, 2025, to January 14, 2026.
As price-controlled commodities, retailers are strictly prohibited from varying the stated prices. Consumers are encouraged to report any instances of overpricing to the Price Control/Consumer Affairs Unit at 435-1459. The Ministry maintains its commitment to monitor petroleum prices and intervene if they exceed the $17 threshold.