Guyana defends increase in fuel prices

GEORGETOWN, Guyana, CMC – The Guyana government has blamed rising global oil prices for the increase in fuel prices, even as the Irfaan Ali administration says it has been absorbing billions of dollars in a bid to cushion the population from the impact.Finance Minister Dr Ashni Singh, addressing the recent increases in fuel prices, said that Guyana, despite being a crude oil producer, still imports refined fuel products from the international market and is therefore affected by fluctuations in global oil prices.

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