Faced with a $1 increase per litre in the price of Super unleaded fuel, fishermen from South Trinidad are calling on the Government to establish an outlet so they can purchase regular fuel at a cheaper price.
Regular fuel is a lower grade of fuel compared to super unleaded and premium unleaded. However, only two outlets in Santa Flora and Carenage sell regular fuel and since the price increase, fishermen say they can no longer afford to buy Super gas.
Although T&T used up half of a billion dollars of foreign reserves over the past six months and is likely to use more for the rest of the year, the country should not be worried, Central Bank Governor Alvin Hilaire said yesterday.
The deficit incurred by Central Government in the first seven months of fiscal year (FY) 2017/18 was $2,909.8 million, down from the $8,991.1 million in the corresponding period a earlier.
According to the latest Monetary Policy Report from the Central Bank, the smaller deficit, was financed by borrowing primarily on the domestic capital market, some external multilateral loans and the use of the Central Bank overdraft facility.
As a result, the non-energy fiscal deficit fell to $9,233.2 million from a deficit of $12,263.6 million one year ago.