-Mon. Singh on rising World Market Prices
Guyanese families can breathe a little easier tonight; there is no immediate threat of fuel shortages and residents won’t see a hike in prices. The reassurance comes directly from the Finance Minister, Dr. Ashni Singh, who emphasises stability for households across the country.
The minister said that the government will continue to keep fuel prices stable, staving off the impact of rising world market prices on Guyanese consumers.
He told NCN News that based on the current state of affairs, the government sees no need for an adjustment in fuel prices at the pumps.
“I want to make an unequivocal point. There has been no increase in the price charged at the pump by GuyOil. And this is not by accident because we have said that as far as we possibly can, we will push as far as we possibly can,” he said.
Minister Singh also sought to allay fears of any possible fuel shortage here in Guyana.
“At this point in time, we don’t see an immediate threat to the reliability of our supplies,” he assured.
Meanwhile, the government continues to absorb the increases in fuel prices on utilities, ensuring that consumers do not pay higher tariffs for water and electricity.
Dr. Singh says they will continue to keenly monitor the global situation and will respond accordingly.