Antigua and Barbuda’s government is absorbing rising global fuel costs to shield consumers. Prime Minister Gaston Browne announced the move during his weekend radio programme.

Browne said global fuel prices continue to rise. As a result, transportation and grocery costs often increase. However, the government wants to limit the impact on residents.

Therefore, authorities reduced the amount of consumption tax collected on fuel. This step helps keep gasoline prices steady across the country.

Currently, gasoline sells for $14.25 per imperial gallon. Browne said the government chose stability instead of collecting higher taxes.

“We have decided to take less in taxes to maintain stability in the pricing,” Browne explained.

Meanwhile, global fuel markets remain under pressure. Prices for diesel and jet fuel have risen sharply in recent weeks.

According to Gregory Georges, Chief Executive Officer of West Indies Oil Company, a recent shipment arrived at much higher prices.

Georges said the increases were significant. Diesel and jet fuel recorded the steepest jumps. As a result, energy costs across the region remain uncertain.

Nevertheless, the government continues to cushion local consumers. Browne said officials are monitoring international market trends closely.

He also noted that this is not the first time the government stepped in. In fact, Antigua and Barbuda absorbed similar fuel shocks before.

For example, global prices surged during the early stages of the war in Ukraine. At that time, the government also reduced fuel-related taxes.

Browne said the goal remains simple. The government wants to prevent sudden increases in the cost of living.

Higher fuel prices often raise transport costs first. Then food and other imported goods usually follow.

Consequently, the government believes stable fuel prices protect households and businesses.

Still, Browne warned that global disruptions may continue. Energy markets remain unpredictable due to international conflicts and supply pressures.

If prices continue rising for a long time, adjustments may become necessary.

However, the prime minister stressed that any decision will focus on protecting consumers as much as possible.

For now, the government plans to maintain its current approach. Officials hope the tax reduction will continue to keep fuel prices stable while global markets fluctuate.