Gov’t moves to reduce VINLEC fuel surcharge

By Admin. Updated 12:54 p.m., Thursday, April 28, 2022, Atlantic Standard Time (GMT-4).

The Government of Saint Vincent and the Grenadines has moved to reduce the fuel surcharge rate charged on electricity amid increasing fuel prices.

According to the Agency for Public Information- API, the customs service charge is to be waived from all fuel purchased by Vinlec.

This will result in a reduction of the fuel surcharge being charged to consumers, the API says.

The move announced on Thursday (April 28) comes as the government announced a package of relief for SVG to take effect from May 1st for the next 3 months.

The other relief measures include a reduction on excise duty on diesel and gasoline which will be cut by 50% resulting in savings of $1.05 on diesel and $1.50 on gasoline.

According to the API, a small reduction in the price of cooking gas will also be realized.

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