A RECENT report that the hike in natural gas prices is as a result of the increase in the National Social Responsibility Levy (NSRL) is untrue.
This is according to Minister of Finance and Economic Affairs, Christopher Sinckler, who lamented that the NSRL is apparently being blamed for everything that happens in Barbados.
Speaking in the Lower Chamber on Tuesday on the National Insurance and Social Security (Amendment) Bill 2017, Sinckler sought to clarify the misinformation shared in another section of the press.
“We brought a Bill in here (Parliament) to make adjustments to the natural gas on the understanding that we were increasing the price to give the corporation (National Petroleum Corporation) the opportunity to have the resources to expand gas to more Barbadians, long before the budget and long before the NSRL was increased,” he stated.