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Finance Minister Davendranath Tancoo has announced an immediate $1 reduction in the price of super high-octane gasoline, describing it as the first measure in the 2026 national budget to “benefit every single citizen of TT.”

Tancoo made the announcement early in his budget presentation on October 13, saying the decision was directed by Prime Minister Kamla Persad-Bissessar as part of the government’s drive to restore affordability and “build economic fairness.”

“This is the first announcement by this caring government in this budget that would benefit every single citizen of TT,” he said.