Sol says the cost of a barrel of oil has risen by 44% in six weeks and it warned that gasoline and diesel prices will rise here shortly.
The company, the Shell licensee and authorized distributor of Shell fuels through its network of Shell-branded service stations in Guyana, said in a press release yesterday that it is monitoring the impact of rising global oil prices on the cost of imported fuel into Guyana given the current global events.
“Since the end of January, in less than a 6-week period the cost of the barrel of oil has increased 44%. The price of imported fuel into Guyana is not insulated from the current world developments.
