Friday
May 23, 2003
Docal to lower prices of cooking
gas
One of the largest local suppliers of fuel,
the Demerara Oxygen Company (DOCOL) has announced its intention
to lower the cost of liquid petroleum gas.
DOCOL, in collaboration with Texaco is responsible for importation
and distribution of the gas, commonly known as ‘Tex
gas’.
Liquid petroleum, commonly called cooking
gas in Guyana, is the major source of fuel for the majority
of Guyanese living in the urban and sub-urban areas.
The price of cooking gas is expected to remain low, based
on the assumption that world price of fuel does not increase
significantly in the immediate future.
Government has made continuous efforts to reduce the effects
of rising oil prices in Guyana. Earlier this year, there was
a reduction in the Consumption Tax of gasoline and dieseline.
In January there was a 30 percent and 20
percent reduction in the Consumption tax on gasoline and dieseline
respectively.
Further, in 2001, the State-managed Guyana Oil Company reduced
the price of fuel by 10 percent to the Manufacturing Sector.
Additionally, last year DOCOL, along with Texaco, introduced
a low-income earners package aimed at supplying an affordable
cooking package to customers.
This package consisted of a smaller gas cylinder and stove
that were sold together at a reduced cost.
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