Cayman Islands Temporarily Makes All Imports of Gasoline and Diesel Duty-free

Photo Credit: Reuters

CAYMAN ISLANDS – For the next three months, the Cayman government will make all imports of gasoline and diesel duty-free as part of its Fuel Relief Programme, aimed at helping offset forecast increases in international fuel prices.

The country’s minister for finance and economic development noted that while the Cayman Islands government does not control the international price that fuel importers pay their suppliers, all available measures have been taken to reduce costs at the fuel pump for local consumers.

To ensure consumers benefit from the duty waiver as quickly and fairly as possible, fuel wholesalers will receive duty credit for all duty-paid gasoline, and diesel remaining in their storage tanks as of May 31st.