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# St. Lucia Takes $45 Million Revenue Hit to Steady Fuel Prices
- URL: https://www.lacaribenanews.com/st-lucia-takes-45-million-revenue-hit-to-steady-fuel-prices-2026/
- Published: 2026-08-01T17:47:27.000Z
- Updated: 2026-09-20T05:16:01.000Z
- Description: St. Lucia Times and St Vincent Times report the St. Lucia government absorbed about EC$44.9 million in revenue to keep fuel prices steady.
- Author: Theon Alleyne
- Tags: Wire, CELAC Wire, St. Lucia, fuel prices, government revenue, Energy

St. Lucia gave up roughly EC$44.9 million in revenue to hold fuel prices steady for consumers, according to [St Vincent Times](https://news.google.com/rss/articles/CBMikwFBVV95cUxNVHZfQWQyUV9oZzRhN04wdlVaOWkyVnFITDVCTEM2Y2JXNmg4WVl4RHZRU0F6SWhnZ1pLZ2RmeW0wdExqZ3F0cDVxbVUycHFGNllZQmNBa2cxZVBGVUFuN0MtTWZiUzByUzBXNFk0aDhIMU00aWVFUFhYWXE0VzUwdzRFMTdBdHVkd3RBbjdMRWF6Tmw0?oc=5&ref=lacaribenanews.com). [St. Lucia Times](https://news.google.com/rss/articles/CBMiowFBVV95cUxNZVRZS3pjSlRIZUZDanp5OUw4Q2tEZExGYjNEcTg0aFZCZEVmeEdHWGtYbXRydmZ0cXVoY2NFLV83NWx4WFZsalNRQVpYSl84TUhmRm1wQk9tTHFsQXcwTnp0WDliLTd5a2xueFUwWXBxa25qQkp6VnlkR0lZaUJXMUtUcUlFVWpqN0ZjRVFhb0FlY1BxX0phVGg5ekJkODVENk44?oc=5&ref=lacaribenanews.com) put the hit at $45 million.

By LCN Wire

## What did the St. Lucia government report?

The government absorbed a $45 million revenue hit to keep fuel prices steady for consumers, [St. Lucia Times](https://news.google.com/rss/articles/CBMiowFBVV95cUxNZVRZS3pjSlRIZUZDanp5OUw4Q2tEZExGYjNEcTg0aFZCZEVmeEdHWGtYbXRydmZ0cXVoY2NFLV83NWx4WFZsalNRQVpYSl84TUhmRm1wQk9tTHFsQXcwTnp0WDliLTd5a2xueFUwWXBxa25qQkp6VnlkR0lZaUJXMUtUcUlFVWpqN0ZjRVFhb0FlY1BxX0phVGg5ekJkODVENk44?oc=5&ref=lacaribenanews.com) [reported](https://news.google.com/rss/articles/CBMiowFBVV95cUxNZVRZS3pjSlRIZUZDanp5OUw4Q2tEZExGYjNEcTg0aFZCZEVmeEdHWGtYbXRydmZ0cXVoY2NFLV83NWx4WFZsalNRQVpYSl84TUhmRm1wQk9tTHFsQXcwTnp0WDliLTd5a2xueFUwWXBxa25qQkp6VnlkR0lZaUJXMUtUcUlFVWpqN0ZjRVFhb0FlY1BxX0phVGg5ekJkODVENk44?oc=5&ref=lacaribenanews.com). The wider region has been wrestling with the same pressures, with [Iran's threats to Red Sea shipping straining Guyana's fuel supply](https://www.lacaribenanews.com/iran-threatens-red-sea-shipping-as-guyanas-oil-windfall-strains-fuel-supply/) even as its oil windfall grows.

## How much did it cost the treasury?

[St Vincent Times](https://news.google.com/rss/articles/CBMikwFBVV95cUxNVHZfQWQyUV9oZzRhN04wdlVaOWkyVnFITDVCTEM2Y2JXNmg4WVl4RHZRU0F6SWhnZ1pLZ2RmeW0wdExqZ3F0cDVxbVUycHFGNllZQmNBa2cxZVBGVUFuN0MtTWZiUzByUzBXNFk0aDhIMU00aWVFUFhZcTRXNTB3NEUxN0F0dWR3dEFuN0xFYXpObDQ?oc=5&ref=lacaribenanews.com) put the figure at EC$44.9 million, reporting that St. Lucia spent that sum to keep fuel prices stable. Both outlets describe the same measure, and the two figures align closely.

## Frequently Asked Questions

### How much revenue did St. Lucia give up?

St. Lucia Times reported a revenue hit of $45 million. St Vincent Times gave the figure as EC$44.9 million spent to keep fuel prices stable.

### Why did the government take the hit?

Both St. Lucia Times and St Vincent Times reported that the aim was to keep fuel prices steady, or stable, for the public.

### Do the two outlets agree?

Yes. St. Lucia Times and St Vincent Times both reported the same measure, with St. Lucia Times citing a $45 million hit and St Vincent Times citing EC$44.9 million.

Two outlets, two figures within a whisker of each other, one policy call: the treasury swallowed the loss so drivers would not.