BUDGET 2022: Consumers to pay less for petroleum products effective Wednesday

 

The Mia Mottley administration has responded to calls for an ease in petroleum prices at the pumps.

During her 2020 budget speech, Prime Minister Mia Mottley announced that effective midnight Wednesday March 16, Barbadians will pay $3.99 per litre for gas, a reduction of 14 cents.

The price of diesel will also move from $3.46 to $3.32, also a decline of 14 cents.

The savings have resulted from a cap on the amount of Value Added Tax (VAT) consumers pay at the pump.

The measure will cost Government some $25 million in revenue.

Read the full story in Monday’s E-paper