Antigua and Barbuda’s consumers are enjoying the most affordable gasoline prices among their peers in the Eastern Caribbean Currency Union (ECCU).
As per a report released by the ECCU, detailing gasoline prices within the currency union, the average gasoline price stood at $16.12 cents.
Among the eight member countries of the ECCU, which include Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines, prices ranged from as high as $17.98 cents in Montserrat to as low as $13.99 cents in Antigua and Barbuda by the end of August this year.
Prime Minister Gaston Browne, addressing the parliament on Monday, attributed this favorable pricing to the government’s decision not to pass on the recent global oil price increases to consumers but to absorb them instead.
He explained, “Petroleum prices have surged to around US$100 per barrel, and the reason we have not raised gasoline prices at the pumps is due to our government’s subsidy on fuel sales to consumers.
In fact, for this month and the next, we will be making payments to the West Indies Oil Company. So, instead of collecting up to $3 million in consumption taxes from WIOC, the government will actually be covering their fuel costs to keep prices low.”
He added that this policy exemplifies the government’s commitment to assist the residents of Antigua and Barbuda in managing their cost of living.
In terms of diesel prices, Antigua and Barbuda rank second lowest, at $14.25 cents, with Montserrat being the cheapest at $14.10 cents.
The ECCU report reveals that in August 2023, gasoline prices dropped by nearly nine percent compared to the same month the previous year, while diesel prices decreased by an average of 15 percent across the entire currency union. (POINTE XPRESS)
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Brix, please tell them that your investigation shows Antigua and Barbuda has the highest Gasoline price in the region. All because of the wicked, uncaring ABLP led by the wicked love nobody Gastan Browne. Don’t let the EECU fool you. They made up these figures.
“Brix” is a FRAUD!! a LYING, POMPOUS, ARROGANT, BADMINDED 🤡 🤡 🤡 like Shugy
@ From The Sideline
Call ABLP wicked, uncaring as much as you like, but do God bless you, please do not conveniently forget that fuel prices under UPP were fairly steep too – at one point exceeding EC$16.00/gallon!
Remember, that was when we (and the region) strengthened ties with Venezuela for our fuel, and those two excellent social policies (PDV Caribe initiatives, utility subsidy & food subsidy) were implemented and are still in place because they were/are good for the nation!
Call a spade a spade, by all means. But put aside your biases, your selective amnesia, etc. I don’t know you from Adam, to call you pompous, arrogant, fraud, liar, etc., but generally, your comments suggest some level of self-serving, political party allegiance! It’s time to move away from such thinking and behaviours.
Let’s go people!
Well if Antigua gas price is true at $13.99, we in Dominica pay $17.10 per Gallon
Poor St. Lucia, at the very top of it all…it’s citizens are breathing through thier teeth under this current administration.
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