Rising global fuel prices will not affect electricity or water rates here, President Irfaan Ali assured yesterday, while saying government will offset any increase.
“Here in Guyana the government is not going allow that increase to be translated to the people of the country. We said to both entities Guyana Power and Light [GPL] and Guyana Water Inc [GWI] that you are not going to increase by a cent. The government will take will take up the additional expenditure and fill the gap…,” Ali announced to loud applause from the gathering at the commissioning of a new $141 million well at Lusignan, East Coast Demerara.
Last week, GPL hinted at a hike as it informed that the steady rise in fuel prices was negatively affecting its operations and should it continue, would have an adverse effect on revenue generated.