Fuel cost impacted by external factors, says Straughn

Fuel price hikes underscore urgency of energy reform - Barbados Today

Once again, Barbadians are facing higher prices at the pump. The most recent increase, which took effect last Friday, has pushed the price of gasoline up by six cents to $3.95 per litre, and diesel by seven cents to $3.40. While these figures may appear incremental on paper, for households already grappling with high grocery bills, utility costs, and other day-to-day expenses, every additional cent at the pump takes a tangible toll. Minister in …

Fuel cost impacted by external factors, says Straughn

Fuel prices in Barbados are still being impacted by turbulence in the international market, says Minister in the Ministry of Finance Ryan Straughn.He, however, said Government was still monitoring the situation.“Notwithstanding that, globally, there may be some decline, the reality is that we’ve seen a lot of turbulence within the international trade market in the last few months.Therefore, the extent to which our acquisition of fuel and oil and…