Despite a cut in the excise tax on gasoline, prices at the state-owned Guyana Oil Company (GuyOil) remain the same, which an official explained may be due to stations selling previously purchased stock.
Officials at two of GuyOil’s Georgetown locations yesterday also denied reports of the company being short of fuel. A GuyOil official stated that the company received a new shipment of fuel last weekend. The prices however, remained the same as last week, with gasoline being sold at $215.6 per litre ($970.2 per gallon) and diesel $203.5 per litre ($915.75 per gln)and the official explained this could possibly be the result of having old stock that was still to be used.
Meanwhile, prices also remained the same at the pumps at Shell and Texaco service stations. At Shell, gasoline was sold at
