Barbados Fuel Price Analysis 2016 to 2017

by Amit Uttamchandani

The first week of September saw Barbadians paying more at the pump for gasoline and diesel with the former moving from $3.16 BDS per litre to $3.25, and the latter going from $2.35 BDS per litre to $2.46.

Curious about the changes in fuel prices over time, and with a little digging, I found 86 articles relating to fuel price changes going as far back as January 2009 all the way up to September 2017. The data came from the online archives of Barbados Today and the Barbados Government Information Service (BGIS) website.

For this article, I’m going to look at pricing data between 2016 and 2017 starting with the following table below:

Fuel Prices – Jan to Sep 2017

First, an explanation of the columns: PRICE CHANGE NUMBER is my running count of how many price changes I’ve found and documented (86 so far). DAY is when I believe the actual price change took effect. For example, Barbados Today (BT) reported Price Change #1 taking effect on Sunday mid-night September 3rd. But I interpret that as mid-night Sunday, which is Monday morning, September 4th. In any case, 3rd or 4th, it doesn’t really matter since they are so close. MONTH is the month of the price change, YEAR is the year in which it took place. GAS OLD PRICE was the previous price, GAS NEW PRICE is the new price. CHANGE is the change in price (values in parenthesis reflects a price reduction), % CHANGE is the change expressed as a percentage. The same explanations apply to the DIESEL columns.

Here’s a graph of gasoline vs. diesel prices:

Read full article @Caribbean Signal

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