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Every time you buy a gallon of Gasoline in Haiti the Govt loses 89 gourdes

Did you know? Every time you purchase a gallon of gasoline in Haiti, the Haitian government loses 89 gourdes ($0.95 US dollars)

More in Money, Gas Prices in Haiti, Haitian Newsletter Articles, Business
June 27, 2019 5:38 AM


How Many Gallons of Gasoline in a Barrel of Crude Oil?

Every time someone purchases a gallon of Diesel in Haiti, the government loses 71 Haitian gourdes (0.76 US dollars)

How some the government is loosing money?

It's a simple answer, the Haitian government has been subsidizing fuel for a long time. Add to that the Haitian currency that has lost all its value compared to the US dollar, the currency used to pay for imported petroleum products.

The price of Gasoline is so low in our country that the government loses money each and every time a gallon of fuel is bought anywhere in the country. To make matters worse, if the govt dares raise the price, it will be more trouble in paradise.

And you wonder why the State of Haiti is so broke!

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All Comments (3)

Michael Bol says...

I don't think Trump is to blame for the economic situation in

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Yanick says...

The president allowed the USA to make a deal so detrimental to the country economic.

If we do not get trump out of office we will not see any change in foreign policy.

The Haitian community in the USA need to come together and decide which presidential candidate will help change policy in

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Yanick says...

That's CALL EXTORTION.

UNITED STATES IS THE MAFIA TO HAITI.

SO WHAT IS THE GOVERNMENT GOING TO

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