Drivers welcome Guyoil’s reduction in fuel prices
As Guyana Oil Company reduced the cost of fuel, drivers believe it is a timely move given the coronavirus pandemic.
The reduction in the cost for Super 95 gasoline, Gas Oil, and kerosene took effect on Friday. Guyoil attributed the reductions to the decline in the acquisition cost. There is a $71 per litre decrease for Super 95 gasoline, a $45 per litre decrease for Gas Oil and $42 per litre decrease for kerosene.
One of Guyoil’s fuel stations on the East Bank of Demerara
These reductions are applicable to all Guyoil stations nationwide. The cost for Super 95 gasoline has moved from $201 to $139, Kerosene from $142 to $100, while Gas Oil moved from $196 to $148.
Guyana Times spoke with minibus operators in Georgetown who said that the reduction was timely.
Joseph Marks, a driver who operates the East Coast to Georgetown route, stated, “This will really help us because it will take a lot off of our shoulders. This a great move by Guyoil and the Government to reduce the price of fuel”.
Stephen Sam, a taxi driver, noted that he is thankful for the reduction since it will help him a lot during this slow period.
“Right now, nobody is really using cars, everybody is staying at home and all day we have to be driving around looking for fine work. But now that the fuel reduces we will be able to at least manage until this virus goes away.”
“This is good for everybody because of how hard the road is. The Guyana Oil Company has recently announced significant reductions in the cost of fuel, drivers believe it is a timely move given the coronavirus pandemic,” another driver stated.
The most recent price reduction was announced on March 18, 2020, while this new initiative reflects a 38 per cent discount overall.
Guyoil said that it hopes to bring significant relief to businesses, the public transportation network and families as the nation tries to combat COVID-19.
