Prime minister Dickon Mitchell says if gas price drops within the next 24 to 48 hours as predicted, the $15 cap on gas will be removed. he says this is necessary at this time as the government has a 1-million-dollar debt due to the fuel cap.
Grenadians should see the removal of the $15 cap on gas at the pumps within the next 24 to 48 hours, so says Prime Minister Dickon Mitchell during government’s post-cabinet briefing on Tuesday.
The $15 cap on gas was one of the New National Party-led government’s packages as outlined in the EC$1.3 billion budget delivered in November 2021.
Prime Minister Dickon Mitchell said the move in gas price will be monitored and changes will be made when necessary.
The government has also decided to continue to not collect petrol tax as of the next price change on the 18th September to December 31st.
Meanwhile, as of October 1st, 2022 a pre-COVID cap will be implemented on all freight rates for 6 months for the first instance.
The prime minister was speaking at the Government post-cabinet briefing on Tuesday.