Sep 28, 2022

It is long past the time for the Davis administration to come clean on what it is doing with BPL

and who is picking up the bill for the fuel charges. The Nassau Guardian reported today, September 27, 2022 that Minister Sears refused to give specifics as to if and when the fuel surcharge for BPL will be increased. Enough is enough.

According to statements by the Prime Minister on social media, the government is spending millions of dollars subsidizing BPL fuel. Yet absolutely no details have been released to the Bahamian people on how much money is being spent and where in the government’s budget it is being accounted for? We do not know how much.

We also do not know how long. We do know that the government dragged its feet going back to last October by not keeping current the hedging arrangements left in place by the FNM that had delivered low fuel charges to BPL even as the global price of oil increased. We do know that the government has refused to explain how the rising fuel prices have impacted BPL operations. We do know from the Prime Minister that the tax payers are subsidizing BPL for fuel prices although it is clear that no such accommodation exists within the current BPL regulatory framework in respect of fuel surcharge.

The Davis administration consistently fails at the very basics of governance. They refuse to address real issues. They are not forthcoming with how they spend the people’s money. They refuse to shape and implement coherent and sustained policy measures, instead choosing to meander from photo-op to photo-op while critical matters go-unaddressed. We demand to know the following: –

Has the government been subsidizing the BPL fuel surcharged as stated by the PM? For what amounts? For what intended duration? – Where in the budget have these funds come from? – What is the status of the BPL fuel arrangements? Why were the hedging arrangements not followed through back in last October? – Will there be an increase of the BPL fuel surcharge? When will that take place?

The Hon. Michael C. Pintard
Leader of His Majesty’s Loyal Opposition/Free National Movement

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