Staff Writer

#TurksandCaicos, August  5, 2023 – Fuel Factor Rates in the Turks and Caicos Islands continue to decrease, taking some of the energy burden off of consumers; similarly, gas prices are going down.

Fortis TCI made the fuel factor announcement via their Facebook page recently, indicating rates had decreased by 10.42 percent in July.

Residents in the Turks and Caicos became even better acquainted with their fuel factor rates than usual last year when the rising fuel costs globally resulted in skyrocketing bills.  The continued decline is a welcome relief for residents.

“Factors that influence your electricity costs include the amount of energy you consume every month and the price of fuel,” Fortis reminded.  “The fuel factor rate on July’s electricity bill for Providenciales, North Caicos, and Middle Caicos customers has decreased by 10.42 percent from the prior month’s $0.1986 to $0.1779 per kilowatt hour (“kWh”).  Grand Turk and Salt Cay customers’ fuel factor rates also reflect a significant decline, with a 9.4 percent reduction from the prior month’s $0.2019 to $ 0.1829 per kWh.  This month’s fuel factor rate for South Caicos will become available soon.  It is worth noting that South Caicos fuel factor rate for last month (June) decreased by 8 percent from the prior month’s $0.2109 to $0.1941 per kWh,” the company indicated.

The cost of oil has continued to fall globally, affecting not just energy but gasoline as well.  A look at the July fuel prices across the Turks and Caicos reveals that Providenciales residents are now paying less than they did in March 2022, before the inflation spike, as has become the trend in the last several months.  The cheapest stations were grants on Leeward Highway and K&T Gas Station (Regular Gas) and Caicos Oil (Diesel).

In Grand Turk, prices were still higher than in March 2022 for the most part.  The cheapest stations were Sunset Marina  (Ed Dickenson Gas Ltd.) at $6.50 and Fulford Gas Station (Alonzo Malcolm Gas Station) at $7.10.  In North Caicos, of the three stations, Core Resources was cheapest at $ 6.99 per gallon.

South Caicos residents have seen no change in fuel prices and continue to pay $11 per gallon for gas.

Staff Writer

#TurksandCaicos, December 13, 2022 – Regular Gas prices in the Turks and Caicos are at their lowest in nine months only cents away from March prices in most cases according to the Turks and Caicos Islands Government.

The Government recently released its December fuel report as part of the Food and Fuel Tax Break.  The highest price in Providenciales was $7.00 at Shell stations compared to $7.87 in September.

Unfortunately prices for Diesel remained above March rates.

The three most expensive gas stations to purchase regular gas from were Shell downtown and both Shell stations on Leeward Highway. The most expensive for diesel were Rubis Downtown, Rubis S, Walkin Marina, Rubis Irvco and Rubis in Five Cays.

In contrast the three least expensive stations to purchase Regular Gas from were Smith Co; K&T Gas and Grant’s Leeward Highway.  The most cost effective for diesel were Smith Co; Caicos Oil; Airport Express and Grant’s on Leeward Highway.

Salt Cay, prices fell as low as they had been in May after major increases in September, showed the report.

In Grand Turk the gap between March prices and December prices was larger than Provo but still contracted.

The most expensive gas stations (in the capital) to purchase Regular Gas from were Williams Motor Mart and Durham Gas Station (Lulu). The two most expensive for diesel were Durham and GT Petrol

In contrast the least expensive stations for regular gas were Sunset Marina and Franklin Missick Gas Station. The least expensive for diesel: Sunset Marina and GT.

In North Caicos, of the three Gas Stations the most expensive was B&B Service Station.

Coming in with the lowest price per gallon was Core Resources.

Finally in South Caicos the most expensive gas station for diesel and regular gas was once again Seaview Marina compared to the cheapest at South Caicos Fuel Market.

Providers have reached out to Magnetic Media in the past to explain that the quality of the gas being pumped may also affect the price. Residents must then do their own due diligence to find out which gas from which providers performs best in their vehicles at which price point.