LETTER 1
17 November 2014
Sutcliffe Hodge
The Valley, Anguilla
P.O. Box 752
Mr. Hubert Hughes
Hon. Chief Minister
The Valley
Anguilla
Dear Mr. Hughes
I believe that like many other people in Anguilla, throughout the region and the rest of the world, you are happy to see the price of oil decline on the world market by as much as 29% since June of this year 2014. Oil prices moved from a high of U.S. $107.00 per barrel in June 2014 to a low of U.S. $76.00 per barrel in November 2014. However, what we are yet to see is this reduction in the price of a barrel of oil reflected at the petrol stations across the island and in the price of electricity. As I am sure you are aware, an imperial gallon of gasoline cost as much as E.C. $18.38 at the petrol station. With a reduction of 20 – 30% we could see the price of gasoline decline to as low as E.C. $13.00 per gallon. In order to achieve this level of reduction in the price of fuel, what can your government do to ensure that the consuming public gets these benefits? How is the price of gasoline, diesel and LPG (cooking gas) regulated in Anguilla to ensure that consumers are not overcharged?
As I am sure you are also aware, the International Energy Agency (IEA) has forecasted a downward trend in the price of oil going into at least the first half of 2015. To this end, it is imperative that consumers start getting lower prices at the petrol stations. As someone who is versed in economics, I know that you are well aware of the direct and indirect impact that fuel prices have on the overall cost of living here in Anguilla. So a reduction in fuel prices will no doubt result in a reduction in the price of other goods and services on the island.
I am well aware of Anglec’s announced intention to reduce the price of electricity by 9%. In light of the reduction of some 29% on the price of a barrel of oil on the world market over the past 4 – 5 months, why can’t Anglec pass on an even larger reduction on the price of electricity to consumers? Like the dramatic increase in the price of petrol at the petrol stations, we also witnessed a dramatic increase in the price of electricity as the price of oil went up on the global market. The same rate at which prices went up then, they need to come down now. As the regulator of Anglec, your administration should seek to protect the consumers’ interest.
Grateful for your intervention soonest on the part of your administration to protect consumer interest as it relates to fuel prices and the rate of electricity.
Respectfully
Sutcliffe Hodge
LETTER 2
17th November 2014
Sutcliffe Hodge
The Valley, Anguilla
P.O. Box 752
Mrs. Mavis John
General Manager
Delta Anguilla
Corito
Anguilla
Dear Mrs. John
The reduction in oil prices on the global market is good news for consumers of fuel especially consumers of gasoline and diesel here in Anguilla where gasoline is currently selling at $18.38 per imperial gallon. The question is, when will consumers in Anguilla see the reduction of 20 – 30 percent reflected at the pump? A reduction of 30 percent would see gasoline prices across the island fall to as low as $13.00 per imperial gallon.
I am sure you can appreciate that the price of fuel is one of the main drivers of the cost of living in Anguilla as it impacts the price of goods and services directly and indirectly. To this end, a reduction in the price of fuel of 30 percent would bring much needed relief to consumers. While there is some volatility in the oil market, the outlook based on forecasts from the International Energy Agency (IEA) is for even lower oil prices going into 2015. I am sure that you are also aware that oil prices continue to trend downward and closed at U.S. $78.13 per barrel this past Friday 14 November which is near the four year low of $76.00 per barrel. This decline of course is from a high back in 2011 of $112.00 per barrel and from a more recent high of over U.S. $107.00 a barrel in June 2014.
I am appealing to you as a citizen of Anguilla to give the much needed relief to our local consumers soonest. I am sure that since oil prices started the downward slide you have replenished the supply of gasoline and diesel in Anguilla several times at the lower price from your suppliers.
It is my intention to make the matter of the significant reduction in oil prices globally a subject for discussion on a talk-show here in Anguilla this week. To this end, I would be grateful for a prompt response from you as to a way forward with respect to what consumers can expect in terms of price relief at the pump.
I can be contacted at sutcliffehodge@hotmail.com or 1-264-235-7008.
Best regards
Leader
DOVE Political Party
LETTER 3
17th November 2014
Sutcliffe Hodge
The Valley, Anguilla
P.O. Box 752
Mr. Hewlett Gumbs
General Manager
Sol Anguilla
Corito
Anguilla
Dear Mr. Gumbs
The reduction in oil prices on the global market is good news for consumers of fuel especially consumers of gasoline and diesel here in Anguilla where gasoline is currently selling at $18.38 per imperial gallon. The question is, when will consumers in Anguilla see the reduction of 20 – 30 percent reflected at the pump? A reduction of 30 percent would see gasoline prices across the island fall to as low as $13.00 per imperial gallon.
I am sure you can appreciate that the price of fuel is one of the main drivers of the cost of living in Anguilla as it impacts the price of goods and services directly and indirectly. To this end, a reduction in the price of fuel of 30 percent would bring much needed relief to consumers. While there is some volatility in the oil market, the outlook based on forecasts from the International Energy Agency (IEA) is for even lower oil prices going into 2015. I am sure that you are also aware that oil prices continue to trend downward and closed at U.S. $78.13 per barrel this past Friday 14 November which is near the four year low of $76.00 per barrel. This decline of course is from a high back in 2011 of $112.00 per barrel and from a more recent high of over U.S. $107.00 a barrel in June 2014.
I am appealing to you as a citizen of Anguilla to give the much needed relief to our local consumers soonest. I am sure that since oil prices started the downward slide you have replenished the supply of gasoline and diesel in Anguilla several times at the lower price from your suppliers.
It is my intention to make the matter of the significant reduction in oil prices globally a subject for discussion on a talk-show here in Anguilla this week. To this end, I would be grateful for a prompt response from you as to a way forward with respect to what consumers can expect in terms of price relief at the pump.
I can be contacted at sutcliffehodge@hotmail.com or 1-264-235-7008.
Best regards
Leader
DOVE Political Party
