Comments on: Premier Burt On Cost Of Gasoline & Diesel

By: Joe Bloggs

Joe Bloggs — Thu, 24 Mar 2022 09:55:49 +0000

““I have rejected the recommendation to increase the cost of gasoline and diesel and ordered a review that will look to see if price reductions can be made,” Premier and Minister of Finance David Burt said in the House of Assembly.”

With the worldwide cost of fuel at its highest in nearly a generation (due to the boycott of Russian fuel), this decision shows the gap between our PLP Government’s policy and economic reality.

Ignore the experts (I have rejected the recommendation…) and pander to the voter (… will look to see if price reductions can be made)

By: sandgrownan

sandgrownan — Wed, 23 Mar 2022 23:12:15 +0000

Said it before, we could never accuse him of being smart.

By: Always showboating

Always showboating — Sun, 20 Mar 2022 11:48:37 +0000

How about reducing cost of groceries so we can all eat. Need a freeze on profits made by greedy price gouging grocery stores!!!!

By: positive but

positive but — Sat, 19 Mar 2022 22:14:22 +0000

please ask the premier what is the duty per liter of gas and diesel a HUGE contributing factor , same for LPG (Propane) and while at it fuel for Belco. I know its a huge c ash cow for govt that needs money but

By: Ringmaster

Ringmaster — Sat, 19 Mar 2022 21:03:21 +0000

Several months ago the price of oil on the global market was negative. You were paid to take shipments. Why didn’t the Premier charter a tanker or two and get paid to store gazillions of barrels of oil at that time? Now you could sell surplus and make billions of dollars. No planning or foresight, and that’s the common issue with the PLP. Fat chance of reducing the cost of oil, unless he reduces the taxes.

By: Newton Adcock

Newton Adcock — Sat, 19 Mar 2022 15:54:05 +0000

Dear Mr. Premier,
do you really think you can persuade the fuel suppliers to maintain their pricing?
The only way I can see them reducing their pricing, is if you are willing to reduce the import taxes.
But that’s not going to reduce the budget, or help the ‘man in the street’.
I sincerely hope you will find a solution to reducing our debt, and helping the poor working classes.
Sincerely,

By: Question

Question — Sat, 19 Mar 2022 14:36:31 +0000

Demand for petrol is largely inelastic.
If Burt reduces tax on fuel, that will reduce the price of it, but why do that, if demand is inelastic?
If Burt limits the price that can be charged without reducing tax commensurately, we will end up with fuel shortages of the like we have never seen. It’s an idiotic move, frankly.