Private sector calls on gov’t to review oil prices-"They raking in the dough"

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Django

January 25, 2016

The Private Sector Commission (PSC) says it remains concerned that fuel prices in Guyana do not reflect the global trends where prices are low, and fears that the competitiveness of local manufacturers, farmers and service providers will be lost if urgent action is not taken.

In a statement today, the PSC said that if these trends continue, imports will be cheaper on the local markets and certain local production will decrease whilst exports will be more expensive. It said that with record lows in oil prices being translated into low prices at the pump in most countries, Guyanese consumers and manufacturers are still paying almost US$4.50 per gallon which is nearly double the prices in some developed economies.

“The Private Sector Commission calls upon government to review the prices of fuel, in particular at the state owned Guyana Oil Company, and consider a reduction in electricity rates so that the benefit of the lower oil prices can provide relief to consumers who are suffering from reduced disposable income.

“At this time when the economy is still reeling from the effects of the elections-induced slowdown in 2015, lowering the cost of fuel and electricity would provide a much needed stimulus to the recovery of the sluggish economy”, the statement said.

The PSC call comes just days before the 2016 budget which may address this issue. The government has not moved to lower the excise tax on fuel even though global prices for oil have been around US$30 per barrel and under.

Replies sorted oldest to newest

Former Member

Low price is a windfall to the treasury. PNC ain't giving that up.

1/25/168:51 PM

DjangoAdmin

baseman posted:
Low price is a windfall to the treasury. PNC ain't giving that up.

Looks like that,US$4.50 a gal ,we are a little under US$2.00 in my area.

1/25/168:57 PM

NehruBig Mouth Member

THese same LYING DONKEYS were screaming at the PPP every time oil dropped by 10 dollars a barrel, including Chief House Slave Moses. Dont take my word, go and check!!!!!!!!!!!

1/25/169:52 PM

NehruBig Mouth Member

Django posted:
baseman posted:
Low price is a windfall to the treasury. PNC ain't giving that up.
Looks like that,US$4.50 a gal ,we are a little under US$2.00 in my area.

So how come you are a supporter of THIEVES???

1/25/169:53 PM

DjangoAdmin

Nehru posted:
Django posted:
baseman posted:
Low price is a windfall to the treasury. PNC ain't giving that up.
Looks like that,US$4.50 a gal ,we are a little under US$2.00 in my area.
So how come you are a supporter of THIEVES???

Look at this board most are against the govt,suh i will be pro gov to make the discussion more interesting ,i want you to note i belong to no party.

1/25/1610:01 PM

Former Member

Django, So why you wrote "i will be pro gov to make the discussion more interesting". Is condoning wrongs make it more interesting? Is not true that being a "pro" for the party means you support the party of crooks?
I said before the elections "be careful what you wish for".

1/26/1610:19 AM

DjangoAdmin

skeldon_man posted:
Django, So why you wrote "i will be pro gov to make the discussion more interesting". Is condoning wrongs make it more interesting? Is not true that being a "pro" for the party means you support the party of crooks?
I said before the elections "be careful what you wish for".

Bhai..you nah see when they goof i does hammer them,all day they get bashing if some good is done same bashing,you does have to give jack his jacket.

Oii.. me notice you seh Indians are racist,so both side ah the fence is the same,the people in the homeland need shed some of the racism,they should take a good bath in the Atlantic Ocean.

1/26/1611:06 AM

kpHonorary Member

Django posted:
Nehru posted:
Django posted:
baseman posted:
Low price is a windfall to the treasury. PNC ain't giving that up.
Looks like that,US$4.50 a gal ,we are a little under US$2.00 in my area.
So how come you are a supporter of THIEVES???
Look at this board most are against the govt,suh i will be pro gov to make the discussion more interesting ,i want you to note i belong to no party.

Like most of us, to belong to a party you must be a card carrying member. I am always in the opposition , just to keep the ruling government in line, also when there are injustices we are here to expose them.Less we forget,it's only months since there was a change of government in Guyana, we can now compare who thieving more, the crime, unemployment, the racial disharmony. We only hope those in Guyana can see just a little what we in North America write.

1/26/1611:21 AM