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Minister of Finance announces plans to remove Fuel Subsidy.

Minister of Finance announces plans to remove Fuel Subsidy.

Finance Minister, Colm Minister

Finance Minister, Colm Minister

The Government is set to remove the fuel subsidy by first putting the proposal to the public for feedback from April 8.

This is according to Minister of Finance, Colm Imbert who announced plans to remove the fuel subsidy since last October in his budget presentation.

Speaking to the media yesterday at a media conference at the Finance Ministry at the Eric Williams Financial Complex, Port of Spain, Imbert said he intends to have a national discussion on phasing out the fuel subsidy.

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Speaking on the affect the increase in gas would have on other items, Minister Imbert said he was amazed by the way in which business owners raised prices without proper implementation of the law.

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Minister of Finance, Colm Imbert.

COMMENTS

WORDPRESS: 2
  • comment-avatar
    Hans-Elmar 2 years

    Imbert boy you are right. Inflation and greed go hand in hand. However, you have to prove it. Send accountants to businesses and find out their purchase prices and compare them with the selling prices. You could even bring a law to parliament which says that the maximum difference between the buying and the selling price is 100%. Businessses that don’t comply will get a fine that cannot be appealed against in a court.Example buying price $50.00 maximum selling price $100.00. Go ahead Colm and do something for the nation. Old talk is not good enough. I see you are afraid them business people could hire a professional killer. This will be a sad day for T&T, but you will get a great memorial.

  • comment-avatar

    hans elmar total gibberish/