The economic uncertainty caused by the Russian and Ukrainian conflict, disruption to global supply chain because of the pandemic, an under performing US economy, an of recent a possible ratcheting up of tension between China and the US linked to Taiwan among other negative factors continue to be a source of concern for small developing states like Barbados. Recently the
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Barbados governments of recent have implemented a policy to pass on fluctuations (calculation unknown to the public) in the price fuel to the consumer. Barbados is a net importer of goods and as a consequence when world market price of oil increases, it has an inevitable result on the cost of living. It is a stretch to expect government during
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Compiled by caribbeansignal.com From mid-night February 17 consumers in Barbados paid less for gasoline and diesel. The retail price of gasoline fell from $3.60 BDS per litre to $3.56, 4 cents / 1.1% less. The retail price of diesel fell from $3.00 BDS per litre to $2.89, 11 cents / 3.7% less (Source: Barbados Government Information Service). See full analysis HERE.
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Barbadians continue to be intrigued by the rollercoaster and out of whack local market position of fuel prices compared to regional markets. With world oil price edging north further interacting with the effect of the NSRL, 2% FX fee and so on, it is anticipated the local consumer should anticipate a hike in the cost of living (already high) at
Read moreSubmitted by Zee Babb Let us say that BL&P technically and legally have a case for a review of rates. Even if only on the basis of not having done so for 25 years. But on what basis does a company that has been making profits every year – not even based on competitive productivity, but on legislated guarantee, demand
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Barbados Underground 