No decision has been made on whether prices of super and diesel fuel will be decreased. So said Finance and the Economy Minister Larry Howai who did not rule out the possibility that that government might consider a reduction.
"No discussion has taken place as far as that is concerned. The only discussion is as far as the premium prices are concerned," he said in response to questions from reporters during the coffee break at the 2015 T&T Energy Conference
He said Ministry of Energy was looking into the possibility of a reduction in the fuel prices but needs to analyse the figures first.
"I did ask last year as soon as prices started to come down for the Ministry of Energy to do an evaluation of that for me and to give me the results of the computations. They did give me a first pass at it, when it (the price) was at about US$65 now that it has come down to about US$45, I told them let's see where it lands because we don't want to be changing prices on an ongoing basis.
"Let's determine how to proceed from there. I expect when the Ministry of Energy comes back, he will probably give me some feedback. I expect that's toward the end of this week and then we will make some determination as to how we will proceed from there."