The Government of Grenada has announced substantial increases in petroleum product prices across the nation, effective Wednesday, March 18, 2026. The new pricing structure affects gasoline, diesel, kerosene, and liquefied petroleum gas (LPG) throughout Grenada, Carriacou, and Petite Martinique.
Gasoline prices will rise by $1.25 per imperial gallon, reaching $15.18 from the previous $13.93. Diesel experiences the most significant percentage increase at $1.76 per imperial gallon, climbing to $16.11 from $14.35. Kerosene sees the largest absolute increase of $2.65, jumping from $10.45 to $13.10 per imperial gallon.
Notably, standard 20-pound LPG cylinders for household cooking will maintain their current pricing at $40 in Grenada and $49 in the sister islands. However, commercial and bulk users face substantial increases, with 100-pound cylinders rising by $66.40 and bulk LPG prices increasing by $0.65 per pound across all territories.
The Ministry of Finance confirmed these adjustments follow comprehensive monitoring of international market conditions, using average cost, freight, and insurance rates for computation. The government has implemented full price harmonization for gasoline, diesel, and kerosene nationwide, fulfilling commitments made in the 2023 Budget Address.
Consumers are reminded that petroleum products remain price-controlled commodities, and retailers are prohibited from deviating from the established pricing. The ministry encourages immediate reporting of any overpricing instances to the Price Control/Consumer Affairs Unit at 435-1459.
The government maintains its commitment to market monitoring and has established an intervention threshold should prices exceed $17 per imperial gallon, though current levels remain below this benchmark.