Beautiful Virgin Islands

Tuesday, Jun 24, 2025

Electricity fuel surcharge should have been govt’s relief measure

Electricity fuel surcharge should have been govt’s relief measure

The government should have targeted its recent economic relief measures in areas where the public could have better felt it, Opposition Leader Marlon Penn has argued.
Speaking on the NDP radio programme last evening, Penn said measures by the government to significantly reduce import duties given rising costs, were welcome and appreciated.

However, he argued that some of this relief is unlikely to trickle down to residents who are really in need.

“We are happy that something was attempted. Sometimes you have to make sure, if you are going to forgo tax revenue, you have to make sure that that money that you’re going to forgo – and the estimation that we have come up with is between $7 to $10 million in this exercise – you have to make sure that that money is targeted to persons who can benefit, the most burdened amongst us,” Penn expressed.

According to the Opposition Leader, the government had an opportunity to target some of the relief monies towards the fuel surcharge on electricity bills.

“In the months that we know the electricity consumption goes up, you have a targeted approach to say ‘look, we are going to address the issue of fuel surcharge, cap the amount that persons are going to pay on their electricity bill for a certain period’ – you have maximum benefit. The entire public will benefit from something like that,” the Opposition Leader explained.

Penn, who is also the Eighth District Representative, further argued that government should have met with grocers and food producers in the BVI to develop a strategy to deal with inflation in the coming months to make food cheaper.

“You can’t do these things without having conversations with the industries,” he said.
“If you are going to forgo revenue — tax revenue — you have to make sure that your people [and] businesses … get maximum benefit because you have to find some way to put that money back,” Penn argued.

He further contended that the government may need to explore ways in which it can cut costs in other areas such as projects or recurrent expenditure.

“So, some things that we require to get done in this budget cycle will not get done because we are forgoing $7 million in revenue at the lower end,“ Penn said.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
×