The Guyana Oil Company Ltd (Guyoil) has announced that, consistent with the trend in the world market, prices at the pumps have increased effective Sunday June 5th, 2016.
The company stated that “World market price for oil has demonstrated positive indications that there is an upward trend in the acquisition cost for fuel, which from all indications may continue its upward path.”
It noted further that the Caribbean has not been insulated from this movement which was demonstrated recently by movement in acquisition cost from suppliers in Trinidad.
Guyoil boasted that it has always sought to make petroleum products available to the Guyanese population at prices better than the competition, which has once again been demonstrated in its delayed price review.
The oil company reassured of its commitment to providing customers with petroleum products at the best prices, as it forges ahead in contributing positively to the development of Guyana.
Guyoil said too that it will continue to inform customers of actions relative to price movement as the situation dictates.