War in Ukraine causes further soaring fuel prices. | SMN NEWS

~“Ministry of TEATT informs community to be aware of international developments”~

PHILIPSBURG:--- The Ministry of Tourism, Economic Affairs, Transportation, and Telecommunication will soon be adjusting fuel prices upwards after further developments regarding Russia’s recent invasion of Ukraine. According to the Ministry, which is responsible for the adjustment of fuel prices on St. Maarten, global oil prices are at an all-time high and are expected to continue to fluctuate.
The Ministry monitors prices daily primarily via an independent source, the Platts Oilgram Price Report. Further research shows that fuel prices have not been this high since 2008.
The increase in fuel ...


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