Caption: Minister of Finance Davendranath Tancoo. Photo: T&T Parliament

THE price of a 100 pound liquified petroleum gas (LPG) cylinder will go up by 50 cents a pound from January 1, 2026.

This was one of the measures stated by Minister of Finance Davendranath Tancoo in delivering the budget for the fiscal year of 2026 in the House of Representatives on Monday.

He said, “The subsidy for LPG has been in place since 1976. The most recent adjustment to the retail price was made in 1998, over 25 years ago. While we must adjust the subsidies to reflect market forces as a caring Government, we must protect those least able to afford a significant price increase.”

“I wish to reiterate that the price of cylinders below 100 pounds, including the standard 20-pound cylinders, will continue to be subsidised at the same rate and will not change,” he stated, assuring the public that households can continue to manage their living expenses.

This adjustment is set to take effect on January 1, 2026, promoting a balanced approach between fiscal responsibility and social support