THE Berbice Chamber of Commerce and Development Association (BCCDA) welcomes the recent announcement by Minister of Finance, Dr. Ashni Singh, on the significant reduction of fuel prices with almost immediate effect.“We welcome this reduction, as the organisation has in the past, joined with other private sector bodies in calling for a reduction in fuel prices, especially with the falling world prices, and the slashing of retail prices in other countries. We are indeed thankful that our calls have been answered in a timely and appropriate manner,” the BCCDA said in a statement yesterday.

It said these savings will certainly help to boost all other industries, and bring much relief to the consumers, especially with their utility bills.

“We call on all to ensure that these savings are passed on to the final consumers in every business circle and the other fuel players in the market to follow suit,” the association stated.

The BCCDA said it has also taken note of Government’s intention of constantly re-looking at the prices on the local market with what is happening on the world markets.