Posted on

Blame QEH for oil prices


Blame QEH for oil prices

Social Share

BLAME THE HIGH COST of gasoline and diesel here on Government’s move to sustain the Queen Elizabeth Hospital (QEH).

SUNDAY SUN investigations revealed that Government’s levying of a 20 cents per litre CESS on petroleum products until next year is largely responsible for the full savings from the drop on world oil prices not being passed on to Barbadian consumers.

In presenting this year’s Budget back in June, Minister of Finance Chris Sinckler said the move would address the build-up of an unacceptable level of liabilities at the QEH in recent years.

This explains why, despite a barrel of oil costing less than US$54 on the world market when the last retail prices were adjusted, they are more expensive than seven years ago.

Please read the full story in today’s Sunday Sun, or in the eNATION edition.