• About
  • OSAR LIVE
  • Contact
Friday, January 27, 2023
OSAR
No Result
View All Result
  • Login
  • Caribbean
  • International
  • Caribbean
  • International
No Result
View All Result
OSAR
No Result
View All Result
Home Business

Government of Dominica takes measures to curb rising fuel prices

admin by admin
May 25, 2022
in Business
0
Government of Dominica takes measures to curb rising fuel prices
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

Roseau, Dominica- May 03, 2022: The Government of Dominica is implementing measures to keep fuel prices under control as the global price of oil continues to rise.

Taking into account the current global market prices, the Government has decided to subsidize the cost of petroleum to reduce the impact on residents and avert a possible slow-down in economic growth prospects.

READ ALSO

Local businesses to benefit from launch of Flow Business in Dominica

CARICOM teaching more youth how to become business owners

A Ministry of Trade price analysis for petroleum products projected the following prices for the upcoming adjustment cycle:

Due to the proposed sharp increase in prices, Cabinet has taken a decision to remove the customs service charge on gasoline and diesel with immediate effect.

In addition, Cabinet is granting subsidies equivalent to 60 cents per gallon on the importation of gasoline and 21 cents per gallon on the importation of diesel until the retail price of each product returns to below $15.00 per gallon.

As a result, the prices for the products with immediate effect are as follows:
● Gasoline EC$ 15.58 per gallon
● Diesel EC$ 15.58 per gallon
● Kerosene EC$ 14.14 per gallon

The implementation of the measures will result in revenue loss to the state. However, the Government of Dominica remains committed to actions, which will protect consumers from escalating world fuel prices, despite the adverse effects of the COVID19 pandemic on the government’s revenue.

Consumers are urged to embrace lifestyle changes to better adapt to global oil prices continue to rise. Taxi operators and bus drivers are encouraged to use established procedures in dealing with the impact of the escalating prices on their businesses, and not levy increases in fares on commuters without the approval of the appropriate authority.

Related Posts

Local businesses to benefit from launch of Flow Business in Dominica
Business

Local businesses to benefit from launch of Flow Business in Dominica

January 24, 2023
CARICOM teaching more youth how to become business owners
Business

CARICOM teaching more youth how to become business owners

October 17, 2022
Tron Partners With Dominica to Issue National ‘Fan Token’
Business

Tron Partners With Dominica to Issue National ‘Fan Token’

October 13, 2022
LIAT International formed, carrier to operate regional, international routes
Business

LIAT International formed, carrier to operate regional, international routes

October 6, 2022
Fuel, electricity costs reduced in St Vincent and the Grenadines
Business

St Lucians to pay less for gasoline, diesel

September 27, 2022
RUBIS Dominica suspends fuel sales to customers after ‘significant financial losses’
Business

RUBIS Dominica suspends fuel sales to customers after ‘significant financial losses’

September 15, 2022
Next Post
Fuel, electricity costs reduced in St Vincent and the Grenadines

Fuel, electricity costs reduced in St Vincent and the Grenadines

Please login to join discussion

POPULAR NEWS

Dominican shot execution-style in New York

Dominican shot execution-style in New York

March 31, 2022
“Why is my child?” – emotional mother of abducted child weeps

Statement by police on shooting death of Kian Alexander and search for Kernisha Etienne

June 19, 2022
Nightgown among items belonging to abducted child found in bushes

Nightgown among items belonging to abducted child found in bushes

June 9, 2022
Young Dominican journalist passes away

Young Dominican journalist passes away

May 25, 2022
Police in Dominica bring in trained dog and handler as search for abducted child continues

Police in Dominica bring in trained dog and handler as search for abducted child continues

June 9, 2022

EDITOR'S PICK

Jamaican teenager at centre of cable theft investigations

Jamaican teenager at centre of cable theft investigations

June 14, 2022
Trinidad businessmen plea for gun access

Trinidad businessmen plea for gun access

May 25, 2022

OSAR’s Monday news package

May 25, 2022
Prime Minister Mia Mottley: The plight of Barbados is also a dire climate warning for the U.S.

Prime Minister Mia Mottley: The plight of Barbados is also a dire climate warning for the U.S.

June 8, 2022

About

OSAR Radio (Old Street Audacity Radio) is a 24/7 operation. Learn More.Learn More

Listen Live

Recent Posts

  • OSAR’s Friday news package
  • OSAR’s Wednesday news package
  • Local businesses to benefit from launch of Flow Business in Dominica
  • UN Report: 131 Million People In Latin America And The Caribbean Cannot Access A Healthy Diet
  • Listen Live
  • About
  • Privacy Policy
  • Terms of Use

© 2022 Osar - Site by G & D Enterprises Inc.

No Result
View All Result
  • Caribbean
  • International

© 2022 Osar - Site by G & D Enterprises Inc.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In