On March 15, 2022, Cabinet approved a package of concession relief for $15 million for Turks and Caicos Islands residents. This included two main reductions in customs rates as of April 1, 2022:
- a reduction of fuel tax from 85 cents down to 64 cents; and
- a reduction of the Customs Processing Fee (CPF) from 7.5% to 5%.
The Department of Trade, Industry, and Fair Competition has been tasked with monitoring the prices of the fuel across the TCI. Fuel prices will be published on a monthly basis on the Department of Trade’s website.
Click here to view the report for May 2023
Disclaimer: The prices quoted in the report above are those collected at gas stations across the TCI for the labelled fuel on the specified date. This report is for informational purposes only and forms part of the mandate of the Department of Trade to monitor fuel prices across the TCI.