The Government of St. Maarten, through the Ministry of Tourism, Economic Affairs, Transport and Telecommunications (TEATT), has announced an adjustment to the maximum prices for petroleum products. This measure will take effect on Monday, April 3, 2026, starting at 6:00 a.m.
Reason for the Adjustment
The decision to change the prices stems from the need for the company SOL to restock its fuel inventory. Due to international developments, global market prices for gasoline (ULG) and diesel have recorded an increase. The Department of Economic Affairs, Transport and Telecommunications (ETT) verified these increases against international publications, confirming the need for an adjustment in local prices.
New Prices for Consumers
The maximum consumer prices will change as follows:
- Gasoline (ULG): Increasing from 2.850 to a new price of 3.055
- Diesel (Gasoil): Increasing from 2.679 to a new price of 2.716
Details of the Price Structure
The calculation of the final price includes several components such as the purchase price (posting price), freight costs, import duties, and profit margins for wholesalers and retailers.
For example, for gasoline (ULG), the purchase price has been set at 1.893 per liter, to which transportation costs (0.141), a throughput fee (0.080), and profit margins for sellers are added. In addition, a 5% turnover tax is applied at both the wholesale and retail levels.
The Government of St. Maarten reminds the public that these prices are regulated by imposing a maximum price to protect consumers while ensuring that fuel supply continues to flow properly.
