Fuel prices up in Trinidad and Tobago

Trinidad and Tobago Minister of Finance Colm Imbert announced a rise in the cost of super petrol and diesel on Tuesday in a presentation related to the country’s 2018 budget.

Super fuel will go up from USD 3.58 to USD 3.97 while diesel is rising from USD 2.30 to USD 3.41 per litre, the minister added. The increase in fuel prices will ultimately result in margins of USD 0.195 on super and regular petrol while the margins for diesel and kerosene will rise to USD 0.145. 

Shiraz Khan, the president of Trinidad United Farmers Association, expressed reservations regarding the increase in the price of diesel fuel. “I am very surprised at the increase in the price of diesel, that is my biggest concern, everything we have to use in farming is diesel, the tractors, the people, who plough our land will increase their price,” Khan said in an interview with Newsday. Labour leaders, including National Trade Union Centre general secretary Vincent Cabrera, echoed Khan’s concerns.

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