Tag: gas prices

Hong Kong firm begins OfReg work on fuel prices

Hong Kong firm begins OfReg work on fuel prices

| 09/10/2019 | 58 Comments

(CNS): The utilities regulator, OfReg, has revealed that a Hong Kong-based firm has begun work on the long-awaited assessment of the fuel market in the Cayman Islands. OfReg said consultants from Economics Partners Limited, which won a recent tender, were here meeting with stakeholders to carry out the “market diagnostics” stage of this review of […]

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OfReg dodges funding bullet from MLAs

OfReg dodges funding bullet from MLAs

| 24/04/2019 | 33 Comments

(CNS): The utilities regulator, OfReg, came close to missing out on an additional $1.3 million in funding during the recent Finance Committee hearings after MLAs were tied on a vote for the money. Opposition members raised concerns over the regulator’s failings to address fuel pump prices and the wholesalers’ acquisition of gas stations. Several members […]

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OfReg presses fuel suppliers on price

OfReg presses fuel suppliers on price

| 13/12/2018 | 43 Comments

(CNS): Duke Munroe, who is responsible for the regulation of the local fuel sector within the Utility Regulation and Competition Office (OfReg), has told CNS that the regulator has intervened to persuade the local fuel suppliers to drop the price of fuel by more than they had intended and much sooner. While OfReg continues to conduct […]

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Can all cars use gas containing ethanol?

Can all cars use gas containing ethanol?

| 06/07/2018 | 0 Comments

I’ve passed by Refuel, the new gas station in Industrial Park, several times and noticed the lower prices they offer on their gas. But is the fuel OK to use in all types of cars? I’ve checked their website and cannot find any information about that.

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OfReg takes first step in fuel price monitoring

OfReg takes first step in fuel price monitoring

| 25/06/2018 | 20 Comments

(CNS): As the price of fuel inches towards $5 per gallon at the pump, the Utility Regulation and Competition Office (OfReg) has revealed plans to begin examining whether or not Cayman’s gas prices are fair and competitive. More than a year after legislation was passed in the Legislative Assembly to regulate the industry and protect […]

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Irma will not disrupt supplies to Cayman

Irma will not disrupt supplies to Cayman

| 08/09/2017 | 26 Comments

(CNS): If deadly superstorm Irma continues on its projected track, it will pass as a category 4 hurricane directly over South Florida and could cause severe damage to Miami, which is the main hub for goods heading to the Cayman Islands. However, residents here do not have to worry about shortages of medication, groceries or […]

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CIG seeks public input on fuel regulator plans

CIG seeks public input on fuel regulator plans

| 27/06/2016 | 25 Comments

(CNS): As government plans to create a utilities regulator that will include the fuel industry, it has published a policy document for public consultation on how the new office will take shape. Government is proposing to create an Office of Competition and Regulation, which will oversee telecoms, electricity, water and, for the first time, the […]

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Activists plan picket at bulk fuel depots

Activists plan picket at bulk fuel depots

| 10/03/2016 | 33 Comments

(CNS): Members of a local activist group, frustrated with government’s inaction over fuel prices, are taking to the streets again to voice their concerns. ‘Cayman Is Fed Up With High Gas Prices’ has scheduled a picket at the fuel importers’ main depots, a gas station boycott, a carpool/bus week and another public march to bring […]

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Local pump prices stick as oil costs tumble

Local pump prices stick as oil costs tumble

| 18/01/2016 | 57 Comments

(CNS): As the price of a barrel of oil fell below $28 Monday before making a fractional recovery in trading, and the price of gas dropped to just 47 cents per gallon at one station in Michigan on Sunday, prices in Cayman were still in many places over $4 per gallon. The issue of fuel costs […]

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Gas price fall not enough, says activist

Gas price fall not enough, says activist

| 24/12/2015 | 36 Comments

(CNS): The cut in the pump price of fuel to just under $4 at some local gas stations is not enough, local activists said as they announced plans to pump up the pressure on government to in turn press the two bulk fuel importers to cut prices by much more. George Ebanks, the spokesperson for […]

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Fuel price activists back new terminal

Fuel price activists back new terminal

| 11/12/2015 | 53 Comments

(CNS): The group of activists campaigning for reduced gas prices have switched their attention from the allegations of inflated pump prices to backing a new larger fuel storage and transshipment terminal on Grand Cayman as a solution to the overly high prices, which they say are still not falling to a fair rate. The committee, known […]

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