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Volume: 119 No.70, March 3, 2022
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THE PEOPLE’S PAPER: PRICE–$1
HERE WE GO - GAS PRICE ROCKETS IN JUST WEEKS Sears concedes Govt is concerned and special measures will be needed By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net PUBLIC Works Minister Alfred Sears said the government is concerned about the rise in gasoline prices at the pumps, adding some “extraordinary” measures will have to be considered and taken in response to an expected continued increase in fuel costs. Over the last two weeks, motorists in New Providence, especially those who frequent Rubis gas stations, have faced a dramatic price hike. In mid-February,
the supplier’s price at the pumps was $5.16 per gallon - below its competitors. But as of yesterday, that price stood at $5.52. While Shell stations did not increase during that time frame, remaining at $5.37, Esso rose by five cents, increasing from $5.19 to $5.24. It follows speculation The Bahamas could see the cost of fuel rise anywhere between $6 and $8 per gallon. Rubis Bahamas officials did not respond to an email
5TH FEBRUARY 1
MARCH 2nD
2 5 . 5 6 $ 1 . $5 per gallon
per gallon
By RASHAD ROLLE Tribune Senior Reporter rrolle@tribunemedia.net
THE requirement for an antigen test five days after arriving in The Bahamas is about to end. Deputy Prime Minister Chester Cooper, the Minister of Tourism, Aviation SEE PAGE FOUR
SEE PAGE THREE
GOLDMAN SIGNALS STRATEGY SUPPORT
‘DUMPING BPL HEDGING DEAL MAY COST $200M’ By RASHAD ROLLE Tribune Senior Reporter and NEIL HARTNELL Tribune Business Editor
FREE National Movement Leader Michael Pintard said the Davis administration must explain the status of Bahamas Power and Light’s hedging programme, saying the government’s tinkering with that contract could leave Bahamians facing higher electricity costs. The Opposition leader’s
claim came amid fears that BPL customers could suffer a $200m-plus hit over the next two years as a result of increased electricity bills stemming from the failure to renew fuel hedging contracts (see Tribune Business). On Monday, BPL retracted a statement announcing a fuel charge increase of 3.2 cents to 13.7cents per kWh. The statement said the new fuel SEE PAGE FOUR
TOURISTS’ FIVE-DAY TEST TO BE SCRAPPED
By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
THE price of gasoline at $5.52 at the pump yesterday.
PHOTO: Donavan McIntosh/Tribune staff
SHADOW OVER OLYMPIANS’ HOMES By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net RAMON Miller and Eldece Clarke-Lewis, Bahamian Olympic gold medalists, beamed with happiness yesterday as the government signed a $1.2m contract for the installation of infrastructure and development of Olympia Heights. The subdivision in western New Providence contains parcels of land
THE signing of the $1.2m contract for the installation of infrastructure and development of Olympia Heights. Photo: Racardo Thomas gifted to the elite athletes after their respective wins at separate summer Olympic
games in 2000 and 2012. For Mr Miller, it was a long time coming, having gone public more than four months ago with his battle to have the area outfitted with light, water and telecommunications utilities. However, the event struck a different note with Pauline Davis-Thompson. The 2000 Sydney Olympics gold medallist admitted a certain level of disappointment that what SEE PAGE FIVE
Nassau & Bahama Islands’ Leading Newspaper
THE Ministry of Finance’s top official yesterday asserted that the Government’s $206.5m “repurchase” deal with Goldman Sachs “speaks volumes” to the credibility of its fiscal and economic plans. SEE BUSINESS SECTION
FRONT PORCH: SUFFERING AND GEOPOLITICS OF UKRAINE
- SEE PAGE EIGHT