The Federation of Independent Trade Unions of Guyana (FITUG) was heartened to learn of the decision regarding the reduction in fuel prices by the Guyana Oil Company Limited (Guyoil). The announcement which came over the weekend was greeted by many workers who expressed elation at the decision. The FITUG recognizes that the escalation of fuel prices over the last few months was primarily influenced by external events of which we were an unwitting victim. We recognized the efforts of the Administration to reduce taxes on fuel to zero in an effort to mitigate the impact of the sudden price rises. This policy had it not been pursued would have made the bad situation even worse.
In recent weeks, we have observed, a gradual reduction in oil prices and had anticipated that such reductions would have reached our shores. Undoubtedly, the announcement by Minister Dr Ashni Singh demonstrates the active attention the Government is giving to address the cost-of-living of Guyanese. This is noteworthy and is an undoubted demonstration to the ordinary people. The Federation, at this time, anticipates that other fuel providers will follow suit and provide similar reductions to their customers. Similarly, we also expect that savings accruing to businesses, public transport operators and others will also be passed on to ordinary Guyanese. Our workers and their families are in need of such respite.
The Federation notes other measures to address the cost-of-living in Guyana. The collective policies are aimed clearly at providing a cushion for the Guyanese people at this time of global upheaval and uncertainty.
