Fuel prices have increased following several months of reductions with current figures being similar to costs prior to the COVID-19 pandemic.
This newspaper visited three of the more frequented gas stations in Georgetown and observed that most of the fuel prices have risen. Fuel prices listed at Shell Vlissengen Road are as follows: Fuel Save – $207.0 per litre, V-Power – $212.0 per litre, Diesel – $185.0 per litre; at Rubis Vlissengen Road: Pure 95 Gasolene – $210 per litre, Diesel – $189 per litre; at GuyOil Sheriff Street: Super 95 Gasolene $203 per litre, Ultra Low Sulfur Diesel $190, Kerosene $125 per litre.
The price for Guyoil fuel had been reduced multiple times in 2020 to aid customers amidst the COVID-19 pandemic. In September last, Guyoil in a press release explained that the reduced prices were designed to lessen the financial burden on consumers would 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 fuel company had said.
However, based on the new prices compared to the previous costs stated in September, the prices represent a $48 per litre increase for Super 95 Gasolene, $15 per litre increase for Ultra low Sulfur Diesel, and $35 per litre increase for Kerosene. While the previous prices represented a $10 per litre decrease for Super 95 Gasolene, a $43 per litre decrease for Gasoil, and a $10 per litre decrease for Kerosene. The reductions were applicable to all Guyoil Service Stations nationwide. There were three notable reductions for Guyoil fuel costs in 2020 and this increase is the first in over a year.
The chart below gives details of the prices
