Gasoline prices edge down Friday

 
421Views 0Comments Posted 22/09/2022

 

95 octane Gasoline will drop 0.01 to 1.08 cents per liter. Octane 91 gasoline will drop 0.02 cents to 1.01 cents a liter and low-sulfur diesel will drop 0.07 cents to 1.14 cents a liter.

The prices will remain until October 7.

With the new prices, the government subsidy stipulated at 3.25 per gallon for all fuels would represent the following savings:

95 gasoline - Unsubsidized price – $4.09, Subsidy Price – $3.25. Consumer savings – $0.84.

91 gasoline - Unsubsidized Price – $3.83, Subsidy Price – $3.25. Consumer savings - $0.58

Diesel - Price without subsidy - $4.32. - Subsidy Price – $3.25 .Consumer savings - $1.07

The government has paid approximately $120 million in fuel subsidies.