The Guyana Oil Company Ltd (Guyoil) has announced an upward movement in prices for petroleum products at the pumps with effect from Thursday 14th, 2017.
According to the oil company’s marketing and sales Manager Eric Whaul, “significant increase in acquisition cost at source has made these adjustments unavoidable. While speculations have been pointing to upward movements on the world market for petroleum products in 2017, the recent hurricane activities in the southern hemisphere has exacerbated the situation, forcing a spike in market prices.”
Gasoline prices have moved upwards by $14.00, Kerosene by $10.00, ULSD Gasoil by $15.00 and Gasoil (LSD) by $6.00.
Guyoil said it maintained stable fuel prices since January 1, 2017, despite fluctuations, but noted that the present adjustments have become necessary due to the factors mentioned above.
The new prices are as follows: