Fuel Prices Rise Again as Browne Points to Higher Global Energy Costs

Motorists across Antigua and Barbuda are facing another increase at the pumps from Wednesday, just about a month after fuel prices were last adjusted. Prime Minister and Finance Minister Gaston Browne announced the latest increase on Tuesday, saying rising international energy costs are continuing to place pressure on fuel prices locally. Browne made the announcement while speaking at a reception hosted by the Chinese Embassy to commemorate the 77th anniversary of the founding of the People’s Republic of China. The Prime Minister linked the latest increase to international instability involving the United States and Iran, noting that global conflicts can have significant economic consequences for small island states such as Antigua and Barbuda. “When these conflicts take place, even though we are not close to them geographically, the impact on us is disproportionate,” Browne said. The latest adjustment comes roughly one month after motorists were hit with another increase at the pumps, adding further pressure to transportation costs for households and businesses. Higher fuel prices can also have wider economic effects, particularly on businesses that depend heavily on transportation and the movement of goods.