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HomeNewsArchivesGovernor Asks Gas Stations to Follow Hovensa's Lead in Reducing Prices

Governor Asks Gas Stations to Follow Hovensa's Lead in Reducing Prices

Jan. 7, 2009 — With Hovensa planning to decrease gasoline prices again Friday, Gov. John deJongh Jr. is asking gas stations to lower their rates accordingly.
"The Virgin Islands government has been advised by Hovensa that effective Jan. 9, 2009, the cost of fuel sold at the refinery’s truck rack will be significantly reduced," deJongh said in a Government House news release. "While I am delighted that Hovensa is adjusting its gasoline prices to reflect world market conditions, it is imperative that gasoline retailers across the territory adjust their prices downwards, passing along needed savings to consumers."
On Friday Hovensa will decrease the per-gallon price of regular gasoline to $1.07 and premium to $1.15, with diesel dropping 36 cents to $1.49, according to Government House. The price of regular will drop 23 cents, while premium will drop 27 cents.
The Department of Licensing and Consumer Affairs has been directed to closely monitor the pricing structure, especially in the St. Thomas-St. John district where, according to Government House, reductions have not been passed along as quickly as the wholesale price has dropped.
"My belief continues to be that all of the reductions must be fully passed on without delay," deJongh said. "DLCA will also continue to keep the public informed on any significant market changes in the price of gasoline and diesel fuel."
DLCA is also closely monitoring the price of propane fuel and the potential reductions in propane that are not currently being passed on to residential and commercial customers, the governor said.
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