–Finance Minister assures, says gov’t will continue to cushion cost
SENIOR Minister in the Office of the President with Responsibility for Finance, Dr Ashni Singh, has emphasised that there has been no increase in fuel prices at pumps operated by The Guyana Oil Company Limited (GUYOIL), noting that the stability has been a deliberate effort by the government to protect citizens from rising global costs.
During an interview with the National Communications Network (NCN), the Finance Minister said the stability in fuel prices was not accidental, but the result of a conscious policy decision by the Government of Guyana to shield consumers from fluctuations in international fuel prices.
“I want to make the unequivocal point that there has been no increase in the price charged at the pump by GUYOIL, and this is not by accident,” Dr Singh said during the broadcast.
GUYOIL earlier this week also dismissed claims circulating on social media that fuel prices had been increased at several of its service stations across the country.
In a press release issued on Wednesday, the state-owned company said it had taken 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-sulphur diesel (ULSD) at any of its service stations across the country,” the company stated.
The company further noted that in Georgetown and on the East Bank of Demerara, 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.
