The Guyana Oil Company (Guyoil) has reduced the cost of fuel at the pumps but it is not enough to reflect the continuous decline of global oil prices says Change Guyana presidential candidate, Robert Badal, who is also calling on the Guyana Power and Light Company (GPL) to give reductions to customers.
“For weeks now prices are now less than what it was weeks ago and up to now we have not seen any real reduction at the pump… it should be indexed to international market prices so that we have fair prices,” Badal said.
“All distribution companies can extend fair prices. When prices were going up, they increased the fuel costs every single week even though they didn’t buy at those prices. As an equal, while prices are now going down the same should be reflected,” he added.