Suriname fuel among most expensive in region

(De Ware Tijd) PARAMARIBO – The fuel price in Suriname is now among the highest in the region. Within six months, Suriname moved from fifth to third place in the Caribbean when it comes to the fuel price paid at the pump. While the average price was US$ 1.07 (SRD 3 at an exchange rate of SRD 2.80) per liter in 2010, this increased to US$ 1.40 (SRD 4.55 at an exchange rate of SRD 3.25) in the first six months of 2011. This is apparent from recent figures of the Caribbean Energy Information System (CEIS). Of the first six months of the year, May was the most expensive at the pump with a price of US$ 1.55 (around SRD 5) for one liter of unleaded. Trinidad is still the cheapest market for unleaded fuel with a price of US$ 0.42 (SRD 1.60) per liter since 2009. Fuel is the most expensive in Barbados (US$ 1.59), followed by Belize, Suriname, Bahamas, the Turks and Caicos Islands, Jamaica, Guyana (US$ 1.08) and Trinidad. Suriname could become the third cheapest fuel market in the region if the government take on the fuel price (around SRD 1.50 per liter) is abolished. The average price for the first half of 2001 would be around US$ 0.94 (SRD 3.20) then. Minister Michael Miskin of Trade and Industry (HI) believes fuel prices at the pump should not be compared just like that. “Our entire fiscal policy should be considered as well. The tax situation in the other countries should be looked at too before such comparisons can be made”, says the Minister, whose Ministry sets the fuel prices.

Comments  

Kidnap/murder of Balram “Balo” Maharaj…Seven Trinis seek new trial in US

(Trinidad Guardian) When everyone felt that the case was closed on the kidnap and murder of United States citizen Balram “Balo” Maharaj, comes news that new motions have been filed in the Federal Court in Washington DC, which could see a new trial for the seven convicted Trinidadians.

Zimbabwe’s ruling party expels Mugabe – war vets head

HARARE,  (Reuters) – President Robert Mugabe was dismissed as leader of Zimbabwe’s ruling ZANU-PF party today in a move to force a peaceful end to his 37 years in power following a de facto military coup.

Former AG says gov’t hiring of special prosecutors unconstitutional

Former Attorney General Anil Nandlall says that the Attorney General’s Chambers’ retention of six attorneys to prosecute a number of high profile cases is unconstitutional and he is warning that the right to a fair trial will be compromised by a politically-tainted process.

Public debt up by $12.9B

Guyana’s total public debt increased from $317.7 billion to $330.6 billion in 2016 but the total debt as a percentage of Gross Domestic Product (GDP) declined to 46.4% from 48.6% at the end of 2015 due to a nominal increase in the GDP.

Murdered teacher laid to rest

Family, friends and well-wishers turned out in their numbers to say their final goodbyes to murdered school teacher Kescia Branche, who was laid to rest yesterday afternoon.

Your browser is out-of-date!

Update your browser to view this website correctly.

We built stabroeknews.com using new technology. This makes our website faster, more feature rich and easier to use for 95% of our readers.
Unfortunately, your browser does not support some of these technologies. Click the button below and choose a modern browser to receive our intended user experience.

Update my browser now

×