Georgetown: Guyana Oil Company (Guyoil) on Saturday announced that there will be increases in fuel prices. These increases will take effect Sunday and have been premised on the backdrop of an upward trend in the acquisition cost for fuel. The local oil company revealed that from all indications, fuel acquisition will continue on an upward path.
According to Guyoil, the retail price per litre of gasoline in the capital city will move from $170 to $180, while the price for kerosene increased by $10 per litre and will now retail at $105. Diesel users will be paying $152, up from $150 and Berbice fuel users will pay $2 more per litre more than users in Georgetown on each commodity.
“The Guyana Oil Company Ltd (Guyoil) has always sought to make petroleum products available to the Guyanese population at prices better than the competition, which has once again been demonstrated in our delayed price review,” a Company’s release stated. Guyoil added that it will continue to inform the public of any actions on relative price movements.
However, the increased price movements did not sit well with many taxi and minibus operators.
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