From mid-night December 5, consumers in Barbados paid more for gasoline and diesel. The retail price of gasoline rose from $3.95 BDS to $3.99 BDS per litre, an increase of four (4) cents or 1% from November. Diesel also followed suit rising from $3.28 BDS to $3.40 BDS, an increase of twelve (12) cents or 3.7% from November (Source: Barbados Government Information Service).
The rest of this post explores this month’s price change in five charts below, and also looks at some highlights and insights from 2021.
2021 Highlights and Insights
The price per litre paid for gasoline in December is 20.5% more than what it was in January ($3.31 BDS vs. $3.99 BDS).
The price per litre paid for diesel in December is 27.8% more than what it was in January ($2.66 BDS vs. $3.40 BDS).
The highest price paid for gasoline was $3.99 BDS per litre. (August and December).
The highest price paid for diesel was $3.40 BDS per litre (December).
The lowest price paid for gasoline was $3.31 BDS per litre (January).
The lowest price paid for diesel was $2.66 BDS per litre (January).
The average price per litre for gasoline was $3.79 BDS.
The average price per litre for diesel was $3.04 BDS.
On average, gasoline was 24.6% more expensive than diesel.
The average price difference between a litre of gasoline and diesel was $0.75.
The largest price gap between gasoline and diesel was in May, $0.85 (gasoline was $3.79, diesel $2.94).
The smallest price gap between gasoline and diesel was in December, $0.59 (gasoline was $3.99, diesel $3.40).
There were 8 price increases and 3 price decreases for gasoline.
There were 10 price increases and 2 price decreases in prices for diesel.
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