PHILIPSBURG--Acting Minister of Tourism, Economic Affairs, Transport and Telecommunication (TEATT) Omar Ottley announced Tuesday afternoon that the prices of gasoline and diesel fuel would decrease effective 6:00am, today, Wednesday, August 31.
The (consumer) prices of gasoline and diesel fuel are now at NAf. 2.501 and NAf. 2.563, respectively, representing drops of NAf. 6 cents for gasoline and NAf. 31 cents for diesel fuel.
Ottley said the price build-up had been adjusted to include an additional NAf. 3 cents for freight cost due to global developments. This decision was taken based on a request by the main wholesaler since 2021.
The delay in approving the request resulted in significant losses for the main wholesaler, which ultimately affected the consumer, Ottley said. Therefore, a further delay in approving the request was considered undesirable and, therefore, a decision was taken to increase the freight cost by the requested amount.
The TEATT Ministry reminded the public that although there is a downward trend in fuel prices lately, prices, in particular for diesel fuel, remain highly volatile and have not yet attained a level of normalcy.
“Like many others, the price of fuel is influenced by a plethora of factors outside of our control,” the ministry said. “As a non-oil-producing country, we will feel the brunt of these external factors. Therefore, we strongly advise persons to be aware of such and to continue to adjust their driving habits accordingly.”
https://www.thedailyherald.sx/islands/prices-for-gasoline-and-diesel-to-decrease-today
