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PM Anthony against monthly fuel price adjustments

By SNO Staff

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Prime Minister Dr. Kenny Anthony said he disagrees with the United Workers Party (UWP) suggestion that Saint Lucia should return to the system, where the price of fuel was fixed each month.

The prime minister told the media that it could have serious consequences on the economy, which will not only cause constant fluctuation in prices, but could possibly affect the productive sector.

He was quoted in the local media saying that if Saint Lucia is to return to that system, then citizens will have to adjust to the “highs and lows”. The reason for this is, because world oil prices are constantly changed.

Dr. Anthony said since the three-month period has been introduced, it has brought some stability in fuel prices. The prime minister also noted that while there have been a significant decline in the price for oil, it is not clear how long it could last.

Meanwhile, Saint Lucia Labour Party Public Relations Officer, Winston Springer Senior, told HTS News Force in a recent interview that it was under the UWP government that excise tax was increase by $3 dollars per gallon on gasoline and diesel.

According to him, since 2011 the excise tax on gasoline and diesel has been reduced by 50 cents. “The lower excise tax put in place by the SLP administration helped to create a buffer to the continued rising international oil prices.”

The price of gasoline was declined recently from $15.85 per gallon to $13.64. This will yield a reduction of $2.21 per gallon. The price of diesel will fall from $15.14 to $13.21 a gallon, a saving of $1.93 a gallon.

The next fuel price adjustment is due on April 5, 2015 and will be determined by the landed cost of these products over the review period.

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25 comments

  1. The Economist wise

    Oil is already going back up, im banking right now. Wish you knew how to do it to.

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  2. This is a very serious issue and we really need to stop playing politics here. Oil prices have dropped significantly and the benefit should be felt by consumers. Forget about red or yellow, this is ridiculous at this time! The country and the electorates are going through some serious hardship and we are asking that the price be adjusted more frequently like so many other places are doing. You know what, forget about what happens when the price of oil rises because I could guarantee you that there will be no hesitation to increase these prices and pass them on to consumers when the reverse occurs. It is time the government have more respect for the electorates and stop living in this world where they believe that they are the only educated ones and no one else could see through them....come on...people are suffering, we finally get a break on oil prices please let us feel the benefits until it last. Al of those so call PR persons what "qualifies you to speak on economic matters?"

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    • The sad thing is economics is politics and politics is misappropriation of funds

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    • Prices were rising steadily for years, YOLO, and the producers can raise them again any time. The fact that the adjustments are not made frequently has been working when oil was more expensive, and it will work now that oil is less expensive, for the time being. The system will pass the benefits on.

      If you don't believe, since I'm a PR person, you can believe the number of qualified, competent and knowledgeable individuals who have spoken on the matter, from the Ministry of Finance to the Petroleum Dealers Association to Richard Peterkin to the gentleman from Rubis.

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    • YOLO,

      When oil prices were going up, the prices weren't raised every month, or more frequently, the customers didn't feel the effects of the higher cost immediately. So why should it be the same, in reverse? In the US, mechanism; when the prices go down, consumers get the benefits right away. But on the flip side, when the prices go up, the consumers pay more right away also. Wait till March when the price of oil is expected to rise once more, I hope people like you call for the raising of prices then also.

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    • Sing Terry sing.........yesssss

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  3. Anyone who is mathematically inclined will understand that there is no merit in monthly price adjustments. The shorter the adjustment period the greater the workload in creating adjustments. Time is money. The longer the adjustment period the more stable is production and consequently the economy at large.

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  4. What is "productive sector"? Are there more than one? Which one(s) are affected and how, and what is the magnitude of the effect? Are such effects inevitable? Are these effects innately related to these "productive sector(s)". This fluffy response does not cut it on such an important issue. This "shut up and take it attitude" cannot be allowed to continue in this small island, especially when we can see a select few benefiting immensely from the pain and poverty of the masses.

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    • The productive sector makes no adjustments, the crap stays the same...rates do not change, prices do not change...oh he is refering to LUCELEC.

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  5. People I hope when the prices start going up there are similar calls for it to increase on a monthly basis. We cannot expect for policies to change only when things are in our favor . I don't recall people asking for it to be monthly when the prices were going up in fact I recall people asking for it to not be adjusted so frequently.

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    • Bajan,

      Wait till March timeframe when the price of oil is expected to go up, I hope these same people will be calling for the prices of oil to go up on a monthly basis also.

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    • i understand your point. but if what "are you serious" is saying is true they we may never enjoy the reduction in prices...

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      • The April calculation is likely to be for landed costs until mid March / end February, so based on current trends there should be a further drop in April. Having said that, though, as has been pointed out over and over, these analysts can say what they want - none of them told us in January 2014 that prices would plummet one year later. None of them work for OPEC.

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  6. That's the best you'll can come and say???? Seriously????

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  7. Governments are supposed to ease the burden on it citizens and not their friends.....That's really crap we're hearing from slp pro and not government press secretary...I think these guys have lost all credibility in my eyes they just don't understand our pain, either political parties. .....Lucians you're on your own. ...don't forget the swing voters, they watching you'll

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    • The Prime Minister's acting Press Secretary addressed the price adjustment on Monday and Tuesday and remains available to the media for any further clarification. And in fact, to you as well, should you wish.

      I trust you also think it is crap that we are hearing from the UWP political leader and not from the elected Leader Of The Opposition?

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      • terry keep singing for your supper, and stop speaking CRAP

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      • Stop being a part of that lie. I have all the evidence it is a lie. I am in a better position than you, to know the facts.Stop the bloody lies.

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        • This from someone who is hiding their identity. Okay. Let me tell you, one thing I pride myself on is honesty. I look forward to you producing your evidence.

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    • Lost all credibility?...They Never had any to begin with,These guys have the Robin Hood theory in reverse.A band of "big shots" for themselves & their friends.Many with positions in there never earned it,it was just political favors...Ask Terry what documents he provided to earn that temp position he has barking @ commenters for his master.

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  8. That is all the reason Kenny can come up with! Seriously! Surely he must take us for a bunch of idiots to say this and expect us to fall for it!nonsense!

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  9. IF YOU AND SPRINGER HAS NOTHING TO SAY ,SAY SHITT.BS YES.

    WITH YOU ALL BITTER BETTER DAYS.

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