Minister of Finance Winston Jordan yesterday announced that effective today fuel prices at the state-owned GUYOIL will be reduced.
In a brief statement to the National Assembly ahead of the continuation of the 2015 budget debate, he said that the retail price for gasoline will drop to $168 per litre from $174 while diesel will be retailed at $199 per litre down from $210. The decrease in the gasoline price stands at $6 or just above 3% while for diesel there is an $11 or just over 5% decrease.
Reductions in GUYOIL’s prices usually lead to a drop in prices by