WILLEMSTAD – Motorists in Curaçao will face higher fuel prices starting Tuesday, September 29, with both gasoline and diesel becoming more expensive. The increase will be particularly significant for diesel, which will rise by nearly 45 cents per liter.
The price of gasoline will increase from just under XCG 2.60 to slightly below XCG 2.73 per liter, an increase of almost 13 cents.
Diesel will see a much sharper increase. The current price of approximately XCG 2.37 per liter will rise to just under XCG 2.82, making diesel almost 45 cents more expensive per liter.
According to the government, the higher prices are mainly the result of increases in international purchasing costs. The impact has been particularly strong for diesel, with the government pointing to continuing geopolitical tensions and attacks on Russian infrastructure as factors affecting the international market.
Russia plays an important role in global diesel supplies, meaning disruptions or concerns about its production and refining capacity can influence international prices.
The government said an adjustment through the so-called surplus/deficit component is temporarily limiting the size of the increase. However, the amount involved will have to be recovered in the coming months.
Diesel prices have shown particularly large fluctuations in Curaçao in recent months.
In August, diesel cost slightly more than XCG 2.13 per liter. The price increased to just over XCG 2.37 in September and will now rise by another nearly 45 cents. This means diesel has become approximately 69 cents per liter more expensive since August.
Gasoline has also been rising again, although less sharply. Its price reached slightly more than XCG 2.75 per liter in June before falling to approximately XCG 2.54 in August.
After two consecutive monthly increases, the new gasoline price of just under XCG 2.73 will once again bring it close to the levels recorded at the beginning of the summer.
The latest adjustment also creates an unusual situation at Curaçao's fuel pumps: diesel will cost approximately nine cents more per liter than gasoline.