PHILIPSBURG--The maximum consumer prices of Unleaded Gasoline (ULG) and Diesel have been adjusted and will both become less expensive as of 6:00am, Tuesday, September 22, according to the Ministry of Tourism, Economic Affairs, Transport and Telecommunication (TEATT).
The new UGL maximum price is 1.826 NAf./litre compared to 2.015 NAf./litre, while the new Diesel maximum price is 1.430 NAf./litre compared to 1.540 NAf./litre.
As of the same date, the maximum wholesale price including tax will be set to 1.595 for ULG and 1.236 for Diesel.
Adjustments of the select petroleum products are imposed by the Government on wholesalers and retailers. “Due to the ongoing developments on an international level, the prices of crude oil have experienced adjustments. Taking into consideration that our local prices follow the international trend, our prices for ULG and Diesel will also experience an adjustment,” the Ministry stated.
A wide variety of global factors such as conflict, transportation trends or production in OPEC countries (The Organization of the Petroleum Exporting Countries) affect prices continuously.
A complete price build-up can be viewed at the St. Maarten Government website www.sintmaartengov.org, under the Department of Economic Affairs, Transportation and Telecommunication’s “Public Announcements.”
