GUYOIL reduces prices from October

EFFECTIVE Thursday, October 1, gasoline at GUYOIL service stations will be down to $155 per litre while kerosene will retail at $90 per litre as the Guyana Oil Company, on Tuesday, announced a reduction in the fuel prices
Notwithstanding no reduction in the acquisition price, the company said it is cognisant of the economic challenges faced by customers, as the country continues to battle with the economic strain of the COVID-19 pandemic.

The reduction covers its mogas (Super 95) gasoil, ultra-low sulfur diesel and kerosene and is effective at all of the company’s service stations across the country.

“As a national entity GUYOIL is always committed to its strategic objective of being the price stabiliser for the nation,” the company said in a statement issued.

“Though the company saw no reduction in acquisition cost, GUYOIL is aware of the economic challenges being faced by customers and businesses as the nation continues to battle COVID-19. The company hopes the reduction will bring significant ease to its customers and assures the nation that it will continue to provide its products and services at competitive prices.”

The Super95 is being reduced from the $165 it is currently retailing at while kerosene is being reduced from $100.
Currently selling for $160, Gasoil will be reduced to $145 per litre and ULSD will move from $218 per litre to $175 per litre.

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