The upcoming increase in fuel prices will a have disastrous effect on the lives of citizens.
So said Visham Babwah, President of the TT Automotive Dealers Association (TTADA).
Babwah, in an interview with the Newsday, said he was disappointed that the government did not provide any update with regards to exemptions on hybrid vehicles.
“The government is very quick to collect their money with respect to gas prices but nothing on exemptions. When prices were down the government made a profit on premium fuel. I understand what is happening with international prices but they need to give citizens something to improve their lives and not spend every dollar they own now.”
On Friday, Minister of Finance Colm Imbert announced in Parliament an increase in gas prices which will take effect on April 19.
Kerosene will raise by $2 from $1.50 to $3.50; super and premium will raise by $1 with the increase in premium going to $6.75 and super to $4.97; diesel will raise by $0.50 from $3.41 to $3.91.