Fuel price reduction described as insignificant

Fuel prices have been reduced beginning February 1, but some minibus drivers say the reduction is not significant enough and are calling for an increase in fares.

The reduction of local fuel prices was announced by Minister of Finance Winston Jordan during last Friday’s budget presentation. The price of gasoline has been reduced from $190 to $170 per litre. Diesel has been dropped from $161 to $150 a litre and kerosene is now $90, down from $120 per litre.

Based on observations made by this publication, the reduction of the fuel prices around the city has already taken effect at the GuyOil, Rubis and Shell gas stations. Checks at the GuyOil gas station on Regent Street, Rubis on