WILLEMSTAD – Motorists on Curaçao will face significantly higher fuel prices starting March 3, as the maximum price for gasoline increases by around eight cents per liter. The price will rise from just under 1.87 guilders to slightly more than 1.94 guilders per liter.
Diesel prices will also go up. The maximum price for gasoil will increase from nearly 1.59 guilders to just over 1.63 guilders per liter, a rise of approximately four cents. According to the government, the higher prices are mainly the result of increased international fuel procurement costs.
Households will also see higher utility bills. As of March 1, electricity and water tariffs will increase. For households with electricity consumption of up to 250 kilowatt-hours per month, the total tariff will rise from nearly 54 cents to more than 55 cents per kilowatt-hour.
For households using between 250 and 350 kilowatt-hours per month, the electricity rate will increase from almost 64 cents to just over 65 cents per kilowatt-hour. Tariffs in the higher consumption brackets will also rise slightly.
Water prices are increasing as well. For households using up to nine cubic meters per month, the tariff will rise from just over 8.04 guilders to approximately 8.07 guilders per cubic meter. In higher consumption categories, prices will also increase by several cents per cubic meter.
The government says the adjustments are linked to higher fuel costs for the production of electricity and water, as well as broader developments on the international energy market.
The new electricity and water tariffs will take effect on March 1, while the new fuel prices will apply from Tuesday, March 3.