June 26, 2022 | By Colin O. Jarrett |
The Government of St Maarten has reduced the price on gasoline. This was announced by the Ministry of Finance.
The relief consists of a reduction on the import duty, formally referred to as excise tax in the price build-up model from NAf 29 cents to 15.5 cents per litre.
The Government reminds the public that the price of fuel products on the world market remains highly volatile and as such, the population should be prepared for more frequent fluctuations in prices for the coming months.
This will result in savings for consumers of roughly 15 NAf cents per litre which will remain in place for a maximum period of six months.