Fi­nance Min­is­ter Dav­en­dranath Tan­coo has an­nounced a $1 re­duc­tion in the price of Su­per gaso­line, ef­fec­tive im­me­di­ate­ly.

De­liv­er­ing the 2026 Bud­get in Par­lia­ment to­day, Tan­coo said the move marks the first ma­jor mea­sure of what he de­scribed as a “car­ing gov­ern­ment” led by Prime Min­is­ter Kam­la Per­sad-Bisses­sar.

“The pre­vi­ous PNM gov­ern­ment has been un­fair­ly over­charg­ing cit­i­zens for su­per gaso­line,” Tan­coo said, adding that the cut would di­rect­ly ben­e­fit all mo­torists.

With an av­er­age tank size of 50 litres, dri­vers will save about $50 each time they fill up, he added.

He con­trast­ed the move with what he called the “glee” of the for­mer Fi­nance Min­is­ter, who re­peat­ed­ly raised fu­el prices while cit­i­zens strug­gled with a ris­ing cost of liv­ing.

Tan­coo said the new ad­min­is­tra­tion’s pri­or­i­ty is eco­nom­ic fair­ness, de­clar­ing, “When UNC wins, every­body wins.”

He al­so re­port­ed that while over­all eco­nom­ic ac­tiv­i­ty con­tract­ed by 2.1 per cent in ear­ly 2025 due to glob­al and in­sti­tu­tion­al chal­lenges, growth is re­turn­ing to the non-en­er­gy sec­tor—par­tic­u­lar­ly in food and bev­er­age man­u­fac­tur­ing, trans­port, re­al es­tate, and con­struc­tion.

Tan­coo at­trib­uted pre­vi­ous de­clines in nat­ur­al gas ex­plo­ration and ex­trac­tion to what he de­scribed as the “mediocre ef­forts” of the for­mer gov­ern­ment but said the out­look for non-en­er­gy in­dus­tries re­mains pos­i­tive go­ing in­to 2026.