PHILIPSBURG--Acting Minister of Tourism, Economic Affairs, Transport and Telecommunication (TEATT) Omar Ottley announced Tuesday afternoon that the prices of gasoline and diesel fuel would decrease effective 6:00am, today, Wednesday, August 31.
The (consumer) prices of gasoline and diesel fuel are now at NAf. 2.501 and NAf. 2.563, respectively, representing drops of NAf. 6 cents for gasoline and NAf. 31 cents for diesel fuel.
Ottley said the price build-up had been adjusted to include an additional NAf. 3 cents for freight cost due to global developments. This decision was taken based on a request by the main wholesaler since 2021.
The delay in approving the request resulted in significant losses for the main wholesaler, which ultimately affected the consumer, Ottley said. Therefore, a further delay in approving the request was considered undesirable and, therefore, a decision was taken to increase the freight cost by the requested amount.
The TEATT Ministry reminded the public that although there is a downward trend in fuel prices lately, prices, in particular for diesel fuel, remain highly volatile and have not yet attained a level of normalcy.
“Like many others, the price of fuel is influenced by a plethora of factors outside of our control,” the ministry said. “As a non-oil-producing country, we will feel the brunt of these external factors. Therefore, we strongly advise persons to be aware of such and to continue to adjust their driving habits accordingly.”
