Fuel Prices Drop, LPG Costs Rise: What You Need to Know!

Fuel prices will see a decline starting tomorrow, Friday, November 1, 2024, while the costs for Liquefied Petroleum Gas (LPG) products will rise.

Motor spirit will drop from $2.73 per liter to $2.62, while the price of premix fuel will decrease by 12 cents, falling from $2.55 to $2.43 per liter. Kerosene will also see a reduction, with prices decreasing from $1.79 to $1.67 per liter. Additionally, diesel prices will drop by 15 cents, from $2.33 to $2.18 per liter.

Conversely, the cost of a 4.5 kg cylinder of gas will increase by 17 cents, bringing the new price to $14.97. The price for a 12 kg cylinder will rise from $39.46 to $39.91, while bulk gas prices will climb by 4 cents, from $3.04 to $3.08 per kilogram. The price of autogas will also see a slight increase of 2 cents, now costing $2.16 per liter, up from $2.14.

This adjustment in pricing reflects a balance between reduced fuel costs for consumers while addressing the rising costs associated with LPG. As families and businesses adjust to these changes, they may find relief from the lower fuel prices amidst the need to manage increased expenses in other areas. Overall, this situation serves as a reminder of the fluctuations in the energy market and the impact on everyday life, highlighting the importance of energy efficiency and alternative energy solutions for the future.