POND ISLAND:--- Following a joint initiative by the Ministries of Tourism, Economic Affairs, Traffic and Telecommunication (TEATT), Finance and Justice, the Council of Ministers has approved a 50% reduction in the excise tax on gasoline. This measure will bring the maximum gasoline price down from XCG 3.102 to XCG 2.853 per liter, providing relief to households and businesses ahead of the holiday season.
Effective Thursday, November 12th at 6:00 a.m., the maximum consumer prices will be:
The decision reduces the special import duty on gasoline from XCG 0.29 to XCG 0.145 per liter, equivalent to a reduction from XCG 29.00 to XCG 14.50 per hectoliter.
The decision follows a price adjustment request received from Sunoco, also doing business as SOL, on October 23, which indicated an increase in gasoline costs. This prompted the Ministries to examine how the Government could reduce the burden on consumers through the portion of the fuel price within its control. The latest purchase costs, verified by the Department of Economy, Transportation and Telecommunication (ETT) against international Platts postings, have been incorporated into the updated maximum prices.
By reducing the gasoline excise tax by 50%, the Government is lowering the tax burden consumers face each time they fill their tanks. Under the updated price calculation, gasoline would cost XCG 3.013 per liter with the previous excise rate. With the approved reduction, the maximum price will be XCG 2.853 per liter.
For someone purchasing 40 liters of gasoline, this means a total saving of XCG 9.96 compared with the current price. Of that amount, XCG 6.40 is attributable to the Government’s relief measure, with the remainder resulting from the market-related price adjustment.
“People feel these costs every time they fill their tank. They still have to get to work, take their children to school and manage their everyday responsibilities. With the holiday season approaching and traffic congestion adding to fuel consumption, this reduction comes at an important time,” said Minister of TEATT, the Honorable Grisha Heyliger-Marten.
“We cannot control international fuel prices, but where we have room to ease the burden on our people, we must act. That is what we are doing by reducing this duty. For someone purchasing 40 liters of gasoline, this decision means XCG 6.40 that stays in their pocket. We know this will not solve every financial challenge, but it is a practical step we can take now to help.”
The Minister of Justice, the Honorable Natalie Tackling, also welcomed the measure, emphasizing the importance of practical relief for households facing continued cost-of-living pressures.
“Gas is one of those costs people carry quietly, week after week, and they have been asking for relief. Halving this excise tax will not fix everything, but it’s a start, and it leaves more money in people’s pockets. I am glad to work with my colleagues to deliver it.”
The Ministry of Finance has assessed the revenue implications and identified the fiscal space and necessary budgetary adjustments to accommodate the proposed reduction. Anticipated budgetary surpluses would provide the financial coverage for the measure.
“After months of persistent efforts, research, and advocacy, I am proud that we have reached a point where we can finally translate our commitment into tangible relief for the people of Sint Maarten.
In March of this year, I presented a proposal to the Council of Ministers to temporarily reduce import duties on gasoline, recognizing the financial pressures rising fuel costs place on our households and businesses. I reiterated this position on the floor of Parliament during both the 2026 and 2027 budget debates, firmly maintaining that we must explore every available avenue to ease the cost of living for our people.
Today, with the Council of Ministers' approval, this commitment is becoming a reality. Together with my colleagues, the Ministers of Justice and TEATT, we have worked to turn this objective into a measure that will provide meaningful relief where our people can feel it: at the pump.
This achievement reflects what is possible when we move beyond discussions and work collectively toward practical solutions. As Minister of Finance, I recognize that my responsibility is not only about safeguarding the country's financial stability. It is also about ensuring that the decisions this Government makes translate into meaningful improvements in the lives of the people we serve,” said Minister of Finance, the Honorable Marinka Gumbs.
The decrease in diesel prices results from lower market-related costs. The excise tax reduction does not apply to diesel.
This temporary measure may last two to three months, with possible reassessment. Subsequent fuel price announcements would clearly identify the relief provided, allowing the public to understand how the measure affects the amount paid at the pump.
Alongside the relief measure, the Government is advancing legislative work concerning the special import duty on gasoline. The Ministry submitted a draft amendment to the relevant national ordinance to the Ministry of Legal Affairs on November 2, 2026, for assessment and advice, taking into account matters previously raised by the Council of Advice regarding a similar approach.
The Ministry of TEATT will continue to monitor fuel price developments and clearly identify the relief's effect in subsequent price announcements. This will allow the public to distinguish between changes arising from international market conditions and the additional benefit provided by the Government’s decision.
The Ministries of TEATT, Finance and Justice reaffirmed their commitment to coordinated action that delivers practical relief, responsible financial management and clear information for the community.
