03032022 NEWS AND SPORT

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OBITUARIES THURSDAY

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L AT E S T

Volume: 119 No.70, March 3, 2022

N E W S

CLASSIFIEDS TRADER

O N

T R I B U N E 2 4 2 . C O M

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


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