Minister of Finance Dr. Ashni Singh yesterday announced a further cut in the excise tax on gasoline, in light of the recent increase in fares by minibus operators.
The Government Information Agency (GINA), in a press release, stated that with effect from yesterday, the excise tax charged on gasoline would drop from 15% to 10% and decision was taken in light of the rise in the imported cost of gasoline.
The release added that the acquisition price on the last shipment of gasoline bought by GuyOil was US$142.85 per barrel, which is
