The people of Hong Kong and Norway are the only ones in the world now paying higher gasoline prices than Bajans. That’s according to new information published by globalpetrolprices.com, an online data base that tracks energy prices from about 150 countries.
Based on the latest Fuel Clause Adjustment (FCA) calculation published by the Barbados Light & Power Co. Ltd (BL&P), electricity prices have not returned to pre-June levels and remain high for local households.
This comes as the Central Bank reported Barbados spent $516.7 million on imported fuel between January and September, adding that higher fuel imports were “caused in large measure by rising oil prices”.
Effective November 4, local gasoline prices increased by two cents per litre, which means Barbadians now pay $3.91 per litre at the pump. (SC)
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