Guyanese will be paying less for fuel at retail outlets as the government announced it will remove excise tax from gasoline and diesel.
“In response to the continuous increase in fuel prices on the world market, we have now reduced the excise tax on gasoline and diesel from 50 per cent to zero,” Guyana’s President Dr Irfaan Ali announced on Facebook this afternoon.
On March 8th, Guyana’s three fuel retailers sold super gasoline between $203 and $249 Guyanese dollars per litre.
Diesel was sold for as low as GYD$198 per litre.
Fuel prices have increased across the region due to sanctions on Russia following its invasion of Ukraine in late February.
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