In an effort to reduce the financial burden faced by many of its customers due to the coronavirus pandemic, the Guyana Oil Company (Guyoil) has announced a reduction in its fuel prices starting October 1.
A Department of Public Information (DPI) release stated yesterday that Guyoil will reduce its retail prices on Super 95 Gasoline, Kerosene, Gasoil, and Ultra-low-sulfur diesel.
According to the release, Guyoil explained that the reduced prices are designed to lessen the financial burden on consumers will take effect at all their service stations across the country.
“As a national entity, Guyoil is always committed to its strategic objective of being the price stabiliser for the nation. Though the company saw no reduction in acquisition costs Guyoil is aware of the economic challenges being faced by customers and businesses as the nation continues to battle COVID-19.”
The chart below gives details of the price changes as stated in the release.