Starting next week, March 29th 2022, the price of gasoline and diesel will see an increase in Curacao. It seems as though the challenge to find the lowest price is common between the islands. There, drastic increases are also visible and will go into effect by the end of this month.
Gasoline will increase by 16 cents and become 263 cents per liter while diesel will see an increase of 36 cents to be priced at 226 cents per liter.
Compared to us on Aruba: Here we pay 261 per liter for gasoline and 228 cents per liter for diesel. Thus, it can be said that Aruba is still somewhat cheaper than Curacao in the context of rates of combustibles.
It is unknown how much longer these prices will last. Sources in the Department of Economic Affairs Aruba assured a 50 cent increase per liter of diesel and 31 cents per liter of gasoline in the month of April. These rates are not yet confirmed. The government has said to be evaluating how to subsidize part of the increase to prevent a heavy burden on the public.
Compared to the world, the country with the lowest price of gasoline is our neighbor Venezuela. There, a liter of gasoline costs 0,04 cents per liter in Aruban florins. The second cheapest country is Libya where a liter costs just 0,05 cents per liter. On the other hand, the country with the highest gasoline price is Hong Kong where a liter of gasoline costs drivers 518,9 cents per liter. The second most expensive country in terms of gasoline prices is The Netherlands where drivers pay 465,5 cents (florins) per liter of gasoline. These rates mentioned above are in Aruban Florins.
Back to Curacao, there, it was announced that the rates for power and water will increase effective April 1st, 2022. The Government of Curacao has not yet announced what the prices will become. Here on Aruba as well, the Croes-Wever cabinet has announced that an increase in the rates for electricity and water should be expected, as WEB has not hedged the price paid for Heavy Fuel Oil. Here, the government and specifically the Minister of Energy, Glenbert Croes, has not yet announced to the public what the rates will be.
