GUYOIL SLASHES FUEL PRICES

Ministry of Finance, Press Release – Sunday, February 3, 2019

The Ministry of Finance and The Guyana Oil Company wish to announce a significant reduction in prices for Motor Gasolene and Gasoil (LSD).

Starting tomorrow February 4th, 2019, Super 95 Gasolene will be sold – wholesale at $208.00 per litre or 4% less, and Gasoil (LSD) at $207.00 per litre or 10% less.

Simultaneously, retail customers will pay $218.00 per litre for Super 95 Gasolene or 4% less and $217.00 per litre for Gasoil (LSD) or 10% less.

These significant reductions are attributed to a decline in acquisition costs.

It will be recalled that the Government had approached CARICOM for the suspension of the Common External Tariff (CET) following the closure of Petrotrin – Guyana’s main fuel supplier. CARICOM”s subsequent approval would have also led to a reduction in acquisition costs.

The Government through The Guyana Oil Company is therefore proud to cause these reductions to the benefit of all consumers.

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