Search results for : fuel
April 19, 2022
Govt 'considering options' to address high fuel prices
The government is considering several options, including adjusting taxes and business license fees for petroleum retailers who have complained about losing money due to the recent spike in oil prices, Financial Secretary Simon Wilson said. "Everything is on the table," said Wilson at a briefing at the Office of the Prime Minister on Thursday. "There ...
The post Govt 'considering options' to addre...
April 14, 2022
Fuel costs up - and so is price of fish and hot cross buns
THE rising cost of fuel coupled with inflationary pricing at grocery stores have sparked price increases among fishermen and bakeries that produce the Easter season favourite - hot cross buns.
Rising fuel costs 'no benefit' to govt
April 13, 2022
Rising fuel costs 'no benefit' to govt
Minister of Economic Affairs Michael Halkitis denied yesterday that the government is benefiting from the increased cost of fuel. Halkitis was responding to claims made by the Bahamas Petroleum Dealers Association (BPDA). Some members of the association are considering a strike, lamenting that they continue to lose money as a result of the recent spike ...
The post Rising fuel costs 'no benefit' t...
Fuel costs drive up fish prices ahead of Easter
April 12, 2022
Fuel costs drive up fish prices ahead of Easter
Fish vendors on Potter's Cay Dock and Montagu Ramp said yesterday the price of locally caught fish is "skyrocketing" ahead of the Easter holiday season because of the high cost of fuel. Under a cacophony of seagull cries, motor engines and knives slamming down onto cutting boards, vendors were busy cleaning, preparing, and packaging an ...
The post Fuel costs drive up fish prices ahead of Easter a...
PETROL STRIKE FOR EASTER WEEKEND? Operators say they are struggling to survive as fuel costs increase
April 11, 2022
PETROL STRIKE FOR EASTER WEEKEND? Operators say they are struggling to survive as fuel costs increase
THE leadership of the Bahamas Petroleum Dealers Association is trying to ward off a planned Easter weekend strike by around 80 percent of operators who say their businesses are struggling to survive the economy compounded by the rising cost of fuel.
Murders fueled by raging 'turf war'
March 15, 2022
Murders fueled by raging 'turf war'
Acting Commissioner of Police Clayton Fernander reported yesterday that the murders that occurred in New Providence over the weekend were likely the result of a gang war over drug turf, but police had no one in custody in relation to those crimes.
March 13, 2022
Donations Fueling A New Over-The-Hill Community Center
Although a $500,000 donation from FTX to Lend A Hand Bahamas is a show stopper, other Bahamas-based likeminded corporations and charitable foundations have also donated generously to the building of a new community center on Lewis Street in Bain and Grants Town.
In the lead up to the ground breaking on March 9th, the non-profit organization received donations from Leslie Bacardi of the Contigo ...
IDB in discussions with govt on fuel hedge
March 08, 2022
IDB in discussions with govt on fuel hedge
Inter-American Development Bank (IDB) President Mauricio Claver-Carone said yesterday that he has been in discussions with the new government about the fuel hedging program the bank helped The Bahamas to put in place near the end of 2020. He would only say that the IDB is working in sync and at the government's pace on ...
The post IDB in discussions with govt on fuel hedge appeared first on The N...
March 04, 2022
Fuel wholesalers predict 'shared pain' over rising prices
The global surge in oil prices is a "double whammy" for local distributors, FOCOL Holdings Limited Chairman Sir Franklyn Wilson said yesterday, adding that demand will likely decrease because of high prices but companies will still have to spend a lot to maintain supplies. "The public should understand that higher prices [are] terrible news for ...
The post Fuel wholesalers predict 'shared pain' o...
Govt to try avoid BPL fuel hike
March 02, 2022
Govt to try avoid BPL fuel hike
Pointing to the rising cost of oil, Prime Minister Philip Davis yesterday promised that his administration will do all it can to prevent an increase in the cost of electricity, arguing that Bahamians cannot afford to be burdened with more taxes. Davis' pledge came after Bahamas Power and Light (BPL) issued a statement on Monday ...
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