Sun | Nov 19, 2017

Karl Samuda wants greater transparency at Petrojam

Published:Wednesday | January 8, 2014 | 10:36 AM

Opposition Spokesman on Energy Karl Samuda has suggested that the Government is using its state-owned oil refinery, Petrojam, to pull significant sums in taxes from Jamaicans.

Samuda says the fuel component charged to the electricity bills of Jamaicans has reached intolerable levels and there needs to be a serious look at the issue.

He says for far too long consumers have been footing the burden of the high cost of electricity, as players in the market simply pass on the cost of fuel.

Samuda is calling for greater transparency in the operations of Petrojam.

The energy spokesman says the opposition is insisting that the Government take steps to ensure that Jamaicans are informed about Petrojam’s pricing mechanism.

Samuda was speaking at a press conference at the JLP's Headquarters at Belmont Road in New Kingston yesterday.

The opposition’s calls for greater transparency in the operations at Petrojam follows speculation that the Government is considering adding General Consumption Tax to each litre of fuel as it tries to make up the revenue shortfall in the Budget.

In a Ministry Paper tabled in the Parliament late last year the Government said the revenue shortfall was the result of lower imports and weak economic and labour market conditions.


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