(Castries 27th March 2019)
The Department of Finance wishes to inform the public of government's policy regarding the pricing regime for gasoline and diesel in Saint Lucia.
Four tax components influence the price of petroleum products (gasoline and diesel) in Saint Lucia. These are the invoiced CIF prices of imported petroleum, wholesaler and retailer guaranteed margins and the rate of excise tax. Two of those components namely the wholesaler and retailer margins are fixed, while the rate of excise tax and invoiced CIF prices vary.
The...