Despite two successive moves to stabilise domestic fuel prices amid huge world oil price spikes, two industry leaders have warned of intensifying inflation unless even more coordinated measures are taken.

Industry leaders from the Alliance Owners of Public Transport (AOPT) and the Barbados Private Sector Association (BPSA) are now seeking structural adjustments and strategic state collaboration.

Roy Raphael, chairman of the Alliance Owners of Public Transport, expressed concern that the dramatic rise in fuel spending has forced operators to absorb heavy daily operational losses without the ability to adjust their fares.