Guyoil’s reported diesel increase exceeded its gasoline rise

Kaieteur News reported Guyoil prices of $258 per litre for gasoline and $318 for diesel, up from $228 and $278. Calculated from those figures, gasoline rose about 13.2% and diesel about 14.4%, while the article characterized the increases as as much as 13%.

Assembled News DeskOctober 3, 20261 min read

A plain gasoline pump with a single nozzle, softly focused, set against a blurred, distant gas station. — AI-generated illustration

The reported price changes differed by fuel: Kaieteur News said Guyoil gasoline rose by $30 per litre, from $228 to $258, while diesel rose by $40, from $278 to $318. Those figures calculate to increases of about 13.2% for gasoline and 14.4% for diesel. The article described the rise as “as much as 13%,” a characterization that does not match the diesel arithmetic.

The newspaper’s visit to Mobil stations found gasoline at $265 per litre and diesel at $297. Compared with Guyoil’s new prices, Mobil gasoline was $7 higher and its diesel was $21 lower. Kaieteur News also identified a 12% Guyoil increase in March as the previous major rise.

For longer-term context, Kaieteur News reported that President Irfaan Ali said Guyana produces crude oil but imports refined products, and that there was interest in investing in a refinery. The newspaper said refinery discussions had resulted in memorandums of understanding but no material movement.

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