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Fuel prices

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Prime Minister Ralph Gonsalves  says he is “usually amazed” by some people’s lack of understanding of what is taking place in the world.

He was speaking specifically about the price of fuel at the pump, as Vincentian saw their ninth price increase in just over a year.

As of Dec. 28, Vincentians are paying EC$12.59 per gallon for diesel, EC$12.41 for  low sulphur diesel and EC$14.72 for gasoline.

These prices represent an EC$1.11 increase per gallon of diesel, 66 cents increase for low sulphur diesel, and 24 cents hike per gallon of gasoline at the pump, over the Nov. 24 prices. 

“I’m usually amazed that some persons don’t understand what’s happening in the world around us,” Gonsalves said on the state-owned NBC Radio. 

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He said that fuel price internationally was increasing and when it stabilised, the cost of shipping was on the rise.

“And as a result, we have had to increase, using the same formula which we have always used — when the prices go up, we do the alteration; when the prices come down, we do a similar alteration.”

Gonsalves said that the system works.

“Now, when it comes down and comes down markedly, you don’t have any complaints, naturally. But if it goes up there are people who want the government to subsidise it. 

“How can you expect the government to subsidise gasoline prices or diesel prices at the pump?”

The prime minister said when the price per barrel of oil increased to US$148 in 2008, his government gave subsidies to minibus operators . 

He noted that back then, the price per gallon of gasoline was nearing EC$16 at the pump.

He said that currently, the main opposition New Democratic Party “and their financiers” are trying “to flood” the internet with photos of him and Minister of Finance, Camillo Gonsalves, asking why employment and commodity prices are increasing under the Gonsalves government.

“They ain’t read what happening in the United States of America and Britain?” Gonsalves said.

“They have control over those things than any government in the Caribbean. But the point about it is this: they wouldn’t tell you that the price of gasoline and diesel in St. Vincent and Grenadines is still among the lowest in the Caribbean.”

He said that, historically, only Trinidad and Tobago, which produces and subsidises oil, has lower prices than SVG.

Occasionally, prices in Guyana have been lower than in SVG, Gonsalves said, adding that with Guyana now an oil producer, it would have lower prices.

 “… we have a structure, we have a system in the way in which we do it. 

“A fella has an SUV. He has a woman in Sandy Bay, he got one in Chateaubelair, he lives in Mespo. I must subsidise him driving his SUV to Sandy Bay to see his woman and the one in Chateaubelair? What happened to the poor person? Is one pot of money you know. In any time of any difficulty, we have to make adjustments,” Gonsalves said. 

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6 replies on “PM ‘amazed’ by response to local fuel prices”

  1. Urlan Alexander says:

    How often when gas prices fall internationally we get the decrease at rhe pump? A lot more things will amaze you in 2022!

  2. The PM can be “amazed” all he wants. Sure, many poor people on a small island where you cannot walk into another country (unless you can walk on water), so in that sense those poorer people are isolated from certain knowledge as well as other things, as much as how governments protect themselves from price increases in ways “the people” cannot. Taxes is a more stark example.
    This shows how OUT OF TOUCH this man has become with the way the people experience things. Being very wealthy and able to travel any time he wants, even for a tiny bump on the head or a tiny pain in his toe, when the rest of us get third-rate care. He can fill his gas tank 24/7 when the rest of us live in a different economic reality. So OUT OF TOUCH that he is “amazed” that people do not understand? Or is he amazed that people are not as well-off as he is after he has insured we will never have an economy that promotes opportunity?

  3. Any sensible person can see through the fog of lies the PM speaks once again. The man is past incompetent and unfit to be PM. And, it is never his or his government’s fault, (so) whose fault is it? PM Gonsalves admit that you are in over your head, and not even your doctorate title is worth a shit these days. We have seen time and again that you are incapable of running public affairs in SVG. All SVG has known under your Government is hardship and abuse. The clock keeps on ticking; if we don’t clean house and seriously review and remedy this loser’s economics regime, it will be hell to pay, not only for us but also for future generations. Five in a row, what a show!

  4. Jonothan James says:

    I must subsidies him driving his SUV to Sandy Bay to see his woman and the one in Chateaubelair?
    Have you notice the personal pronoun ? ( I ) ??
    this person truly believe that not only the government but the country and tax payers money belongs to them and family

  5. What about the G plates all over, all hours, all days doing the same thing the guy with d SUV is alleged to want to be doing?

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