St. Lucia gave up roughly EC$44.9 million in revenue to hold fuel prices steady for consumers, according to St Vincent Times. St. Lucia Times 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 reported. The wider region has been wrestling with the same pressures, with Iran's threats to Red Sea shipping straining Guyana's fuel supply even as its oil windfall grows.
How much did it cost the treasury?
St Vincent Times 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.