The Guyana Oil Company Limited (GUYOIL) has dismissed claims circulating on social media that fuel prices have been increased at several of its service stations across the country.
In a press release issued on Wednesday, the state-owned company said it took note of a “malicious publication” by a politically aligned social media page, Credible Sources, which alleged that prices had risen at a number of GUYOIL locations.
According to GUYOIL, the claims are inaccurate and do not reflect the current pricing at its stations.
“GUYOIL wishes to clarify and confirm that there has been no increase in the price of Gasoline, Diesel, Kerosene, or Ultra-Low-Sulfur Diesel (ULSD) at any of its service stations across the country,” the company stated.
The company noted that in Georgetown and on the East Bank of Demerara (EBD), which were specifically mentioned in the online publication, fuel prices remain unchanged.
The prices currently stand at $170 per litre for gasoline, $168 per litre for diesel, $155 per litre for kerosene, and $190 per litre for ULSD.
GUYOIL explained that its operations are guided by a strict regulatory and compliance framework intended to maintain transparency in pricing and protect consumers from undue market volatility.
“As a state-owned company with a national mandate, GUYOIL continues to work closely with the relevant regulatory authorities to ensure that fuel supply and pricing across its network of service stations remain stable, fair, and consistent with national policy,” the release stated.
The company also criticised the publication, describing it as irresponsible and misleading.
“We therefore find the publication by ‘Credible Sources’ highly irresponsible and misleading, as it has the potential to cause unnecessary public concern and confusion regarding fuel prices,” GUYOIL said.
The company added that the administrators of the page did not seek verification from GUYOIL prior to publishing the claims.
“At no time did the administrators of the page seek verification from GUYOIL prior to publishing the claim, which underscores the reckless nature of the post,” the company noted.
GUYOIL reaffirmed its commitment to ensuring reliable fuel supply and maintaining competitive pricing for motorists, businesses and households across Guyana.
“The public is encouraged to rely on official statements issued by GUYOIL and other competent authorities for accurate information regarding fuel pricing and supply,” the company said.
It added that misinformation from unofficial sources can undermine public confidence and distort facts on matters of national importance.
