PHILIPSBURG:--- The Minister of TEATT Roger Lawrence announced on Wednesday at the Council of Ministers press briefing that the ministry is also aware that a common point of concern in the community is the rise in fuel prices.
This is being monitored consistently by the Economic, Transportation, and Telecommunication department. The Minister said that he will be meeting with Sol’s general manager and Regional Manager in the Eastern Caribbean on Wednesday to touch on these key issues.
“We must be mindful that as part of the global market, price changes and events worldwide impact the prices locally. Right now, further developments regarding Russia’s recent invasion of Ukraine, and the associated sanctions from the US and EU have led to an increase in global oil prices, we can expect that prices will continue to fluctuate. Our team is monitoring the fluctuation and will continue to adjust accordingly.
In order to address the concerns, the ministry has organized an inter-ministerial Working group on energy to review all documents as it pertains to Renewable Energy in addition to possible funding options and framework. We will provide updates to the public accordingly.
