A newly implemented fuel price increase has triggered grave concerns within Barbados’s transport sector, with taxi drivers and Public Service Vehicle (PSV) operators warning of intensified financial pressures. The adjustment, which took effect at midnight on Sunday, introduces heightened operational costs for an industry already grappling with stagnant fares and significant overheads.
According to the latest pricing structure, petrol has risen by three cents to reach $3.88 per litre, while diesel experienced a more substantial jump of nine cents, settling at $3.41 per litre. Conversely, kerosene saw a decrease of eight cents to $1.48 per litre. Prices for liquefied petroleum gas (LPG) were also detailed across various cylinder sizes. The next scheduled price review is set for February 1.
For operators, these increments, though seemingly marginal, accumulate swiftly given their daily reliance on fuel. The sentiment on the ground is one of resigned acceptance. Veteran taxi driver Enson Bowen, echoing a widespread feeling of futility, stated, “I don’t study it no more… You just draw a line in the middle.” He expressed skepticism about long-discussed government subsidies, noting a continued lack of clarity on any relief measures.
The financial impact is acutely felt. Driver Kenneth Durant acknowledged the inevitability of the hike, citing embedded taxes as a core issue, while Wayne Padmore, a driver with over 15 years of experience, explained how the increase directly erodes already slim profit margins. “Fuel gone up and the taxi fees still at the same price,” he said, highlighting the mismatch between rising costs and unchanged revenue.
From a broader industry perspective, Roy Raphael, Chairman of the Alliance Owners of Public Transport (AOPT), underscored the severe ramifications. Emphasizing that PSVs move 80% of the island’s traveling public, he revealed that smaller units now spend up to $175 daily on diesel, with larger vehicles consuming between $200 and $350. Country routes, which require longer travel distances, are anticipated to be the hardest hit.
Raphael further identified exorbitant insurance costs—ranging from $10,000 to $25,000 annually per vehicle—as a critical burden, equating to at least $1,200 per seat per year. He called for greater transparency from insurance providers and the creation of incentives for safer driving to mitigate premiums.
Looking toward the future, Raphael confirmed that strategic talks are underway with the Ministry of Energy to transition towards electric vehicles, with a target of converting 25% of the fleet by early 2027. Additionally, plans are in motion to establish a buyers’ club to help members source vehicle parts and oil at more reasonable rates, addressing the challenge of costly imports.









