Gas prices rise above EC$16 per gallon from today 

By Admin. Updated 10:43 a.m., Thursday, May 28, 2026, Atlantic Standard Time (GMT-4). 

Vincentians will pay more than EC$3 extra for every gallon of gasoline or diesel purchased at the pumps from today, May 28, 2026.

This follows the publication of St. Vincent and the Grenadines Statutory Rules and Orders No. 9 of 2026, which was gazetted on May 26, 2026.

In exercise of the powers conferred by Section 10 of the Price and Distribution of Goods Act (Cap. 161), the Governor-General made the Price Control (Amendment) Order 2026.

Under the new pricing structure, the maximum retail price for gasoline will increase from EC$13.22 to EC$16.92 per gallon, representing a rise of EC$3.70. The wholesale price for gasoline will move from EC$12.46 to EC$16.16 per gallon.

For dieselene, the wholesale price will increase from EC$11.90 to EC$15.60 per gallon, while the maximum retail price will rise from EC$12.56 to EC$16.26 per gallon, an increase of EC$3.70.

Meanwhile, the wholesale price for low sulphur dieselene will move from EC$12.27 to EC$15.74 per gallon, while the maximum retail price will increase from EC$12.93 to EC$16.40 per gallon, representing a rise of EC$3.47.

During a national address on May 27, Prime Minister Dr. Godwin Friday said the government had worked for months to maintain price stability despite growing international pressures, but that global market conditions had persisted longer than anticipated.

“We must now respond carefully and effectively,” he said.

Dr. Friday announced the fuel price adjustments while also outlining a series of temporary measures aimed at stabilising fuel costs over the next 90 days. These include reductions in excise tax and a 50 per cent reduction in the customs service charge on imported petroleum products.

According to the Prime Minister, global oil prices would have forced local gasoline prices to increase by approximately EC$5.60 per gallon and diesel prices by more than EC$5 per gallon had the government not intervened.

“Without government action, gasoline would rise from what it is now of thirteen dollars and twenty-two cents a gallon to approximately eighteen dollars and eighty-two cents per gallon,” Dr. Friday said during the address.

Instead, under the temporary intervention measures, gasoline prices will increase from EC$13.22 per gallon to EC$16.92 rather than EC$18.82. Diesel, currently priced at EC$12.56 per gallon, would have increased to approximately EC$17.71 per gallon but will instead be capped at EC$16.26. Low sulphur diesel, which would have risen from EC$12.93 to nearly EC$17.85 per gallon, will now sell for EC$16.40 per gallon.

Dr. Friday said the measures are intended to cushion the impact of rising global energy prices on households and businesses still recovering from recent national disasters, including Hurricane Beryl and the eruption of La Soufrière volcano.

“Our people have endured many shocks over the past few years,” he said. “The people of this country deserve more than a government that simply watches global inflation crush household budgets.”

According to the Prime Minister, the intervention means the government will absorb approximately EC$1.90 per gallon on gasoline and about EC$1.45 per gallon on diesel that would otherwise have been passed directly on to consumers.

END