Guyanese face pressure at the pump as oil prices skyrocket

The Guyana Oil Company (Guyoil) announced an increase to the already high prices for fuels across the country last week.

Gasoline increased by $10 per liter from $193 to $203, Desoline from $186 per liter to $196, and Kerosene from $163 per liter to $173.

In February the company announced a slight decrease in fuel costs after lobbying by Guyana’s main Opposition the APNU+AFC and other civil society groups.

Sadly, Guyanese motorists and passengers are about to feel more pressure at the pump as SOL Service Stations in Guyana yesterday increased their prices to $246 per litre from $209.

The increase in fuel is expected to hit Guyana’s land and river transportation sector, as boat operators, minibus and hire car drivers endure the burden of rising fuel costs, increase in commodities in an ever unstable price market.

More, In The Ring.