Advertisement

LIVE STREAMS

MESSAGE

LIVE STREAMS

MESSAGE

Advertisement

LIVE STREAMS

MESSAGE

Advertisement

No new fuel tax

by | Sep 5, 2014

Kevin RamnarineMinister of Energy Kevin Ramnarine has assured the public yesterday that there would be no hike in the gas price in Monday’s 2014/2015 national budget.

Ramnarine sought to allay public fears of a looming gas hike after the International Monetary Fund (IMF) recommended T&T cut its fuel subsidy to facilitate sustainable economic growth.

He made the comments at the at yesterday’s post-Cabinet media briefing at the San Fernando Teaching Hospital, Chancery Lane, San Fernando.

Ramnarine said a Government fuel price hike will not be part of Finance Minister Larry Howai’s budget announcements.

CLICK TO PLAY AUDIO

The Minister gave the assurance even as the IMF, following consultation with Finance Ministry officials in June, said Government would need to cut fuel subsidies and cut and rationalize social programmes to ensure there was economic growth.

Ramnarine also said his ministry had been working closely with the United Nations Environment Programme (UNEP) on transitioning T&T towards a low carbon future.

0 Comments