Investor Presentaiton
Reductions to Subsidies
Fuel
Reduction of the fuel subsidy such that there will be an immediate increase in the price of premium and
super gasoline, and kerosene by $1 per litre, and diesel by 50 cents a litre. LPG, however, will remain fixed
at $21 per 20lb cylinder.
In order to alleviate the effect of these fuel increases to the most vulnerable in society, a one-time
transport grant of $1,000 is proposed to all recipients of social grants (public assistance, disability, food
support and senior citizens pension).
GA
å
Commodity
Premium gasoline
Super gasoline
Previous Price
New Price
% Change
$6.75
$7.75
14.81%
$5.97
$6.97
16.75%
$3.91
$4.41
12.79%
Kerosene
$3.50
$4.50
28.57%
LPG
$21.00
$21.00
Diesel
Republic BankView entire presentation