PM says fuel to be adjusted by next House meeting

Prime Minister Dean Barrow
“We don’t want to make a move, be premature and then find we have to come back to the House a month or so thereafter because either the prices had gone very much higher than at the point where we intervened or perhaps that they have gone very much lower. The best guess does seem to suggest that prices will continue to rise and certainly will not go below the more or less seventy dollar mark at which they are now. So we’re trying to do calibration. We’re also trying to find the right mechanism before we move. I wanted to assure the House and the nation that no later than when the House meets again next month, we have to come back for second reading of number of bills we are introducing today and certainly not later than when house meets again in July, the government will unveil the move that it is making to reduce government’s share of the take to help stabilize prices.”

That was the Prime Minister speaking this morning at the House of Representatives. But before the sitting was over, there was indication that the price of fuel is going up again by an average of sixty cents. This, on the heels of a previous increase two weeks ago of six five cents.

At midnight on Saturday, the price of premium gas will jump to nine dollars and twenty-one cents per gallon while regular gasoline will go up to eight dollars and sixty-one cents per gallon. So fill up your tank before it’s up again.