Prices at the Pumps Monitoring Continues for TCI Department of Trade

By Dana Malcolm

Staff Writer

#TurksandCaicos, February 20, 2023 – Regular gas prices in the Turks and Caicos Islands are now lower than they were in March 2022 before record inflation was recorded around the globe, according to data supplied by the Department of Trade, Industry, and Fair Competition.

The Department has been tasked with monitoring the prices of fuel across the islands as the government continues to offer a duty discount concession to suppliers meant to buffer consumers from rocketing oil prices, which were at historic levels in 2022.

Every station in Providenciales, with the exception of all Shell outlets and Rubis in The Bight had lower prices on regular gas with Grant’s on Leeward Highway and Long Bay Express in the Long Bay area boasting the cheapest per gallon.  Costs for a fill up per gallon on regular fuel ranged from $6.04 cents to $7.00.

Unfortunately, diesel remained higher than it was last year; up just under $2USD per gallon, costing up to $7.70 in Provo.

In Grand Turk, the decrease in regular gas was less pronounced with only two providers dropping prices below March 2022 levels. The most cost effective station for filling up is listed as Sunset Marina or Dickenson’s at $6.50 per gallon.

The most expensive was Williams Motor Mart.  Diesel, selling at $7.60 per gallon.

In North Caicos regular gas has decreased across the board with Core Resources at $6.99 per gallon to deliver the lowest costs to consumers on the twin islands.

Salt Cay’s prices were still startling.  Residents there bearing a four-dollar increase per gallon over last year; with no market competition, Dickenson’s Gas Station held steady at a staggering $11 per gallon.

South Caicos prices remained only slightly higher than a year ago, but still lower than in December with Seaview Marina selling petrol at $7.70 per gallon and South Caicos Fuel Market at $7.35, the latter having the lowest price at the pump.

The Government began the process of tracking gas prices after the Food and Fuel Tax Break was announced last year, an attempt by TCIG at circumventing surging prices which followed the invasion of the Ukraine by Russian forces.

The concessions will expire with the Government’s fiscal year, April 2023.  Fuel prices are published on a monthly basis at the Department of Trade’s website.