Saturday, March 22, 2014

Barbados government to discontinue public service vehicles fuel subsidy

The cash-strapped Barbados government Friday said it would discontinue a fuel subsidy to the public service vehicles (PSV) and the Transport Board that has been in effect for the past six years. A statement from the Ministry of Energy said that the subsidy which was introduced as a price offset and excise tax waiver would be discontinued from April 1 this year.

The diesel subsidy included a waiver of excise tax and a price offset of BDS$7.906 (One Barbados dollar =US$0.50 cents) per

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