While government has reduced the cost of fuel Cabinet Secretary Dr Roger Luncheon does not believe customers of the Guyana Power and Light Company will see a reduction in their bills.
“It seems logical that prices for fuel have fallen significantly and therefore fuel-based products would be expected to have their prices fall too, perhaps in the real world this may be so but we have to understand that GPL is a peculiar creature,” Luncheon explained on Friday at his post Cabinet press briefing.
Luncheon said while he would hesitate to pronounce authoritatively on the subject, the cost of the production of electricity does not have much to do with fuel prices as GPL is heavily subsidized by government. “In essence if there were some mutual situation where there was a flow through from prices of fuel to the prices we pay for electricity then tariffs would be