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The Guyana Oil Company Limited (Guyoil), effective October 1, 2020, will reduce its prices to bring economic ease to customers challenged by the COVID-19 pandemic.
In a release on Tuesday, the Company announced the coming reduced prices of its mogas (Super 95), gasoil, ultra-low sulfur diesel, and kerosene at all of its service stations nationwide. Super 95 gasoline has been reduced from $165 to $155 per litre; kerosene has been reduced from $100 to $90 per litre; gasoil has been reduced from $160 to $145 per litre; and ultra-low sulfur diesel has been reduced from $218 to $175 per litre.
“As a national entity, Guyoil is always committed to its strategic objective of being the price stabilizer for the nation. Though the Company saw no reduction in acquisition cost, Guyoil is aware of the economic challenges being faced by customers and businesses as the nation continues to battle COVID-19,” the Guyoil stated.
“The Company hopes that the reduction will bring significant east to its customers and assures the nation that they will continue to provide its product and services at competitive prices.”