Government is seeking almost $500 million to pay the fuel subsidy.

This, from Minister of Finance Davendranath Tancoo as he outlined the details of the supplementary and variation of appropriation for fiscal 2026 in the House of Representatives on Monday.

“To shield citizens from significant increases in international energy prices and maintain fuel price stability, approximately $395 million was expended on fuel subsidies during the period October 1st, 2025 to May 30th, 2026. $454 million to settle subsidy liabilities owed to the National Petroleum Marketing Company Limited and to Unipet, Mr Speaker.”