Gov’t Position Has Not Changed on Gas Price Hike

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NASSAU, BAHAMAS – Government holding firm to its decision not to grant gas retailers a margin increase, this as discussions continue as both sides try to find some middle ground over concerns of survivability.

Government’s position has not changed, regarding the proposed margin increase requested by the Bahamas Petroleum Retailers Association, according to Economic Affairs Minister Michael Halkitis, who says they are still trying to compromise on ways to bring some relief without an increase.

The association has primarily asked government for an increase on the currently fixed margin of 54 cents per gallon.

Prime Minister Philip Davis had previously said the margin change was under consideration but on Tuesday Halkitis says that’s not the case.

As for whether or not government will reduce its margin, Halkitis says that’s not an option.