BL&P: Global oil price increase driving higher electricity fuel costs

Rising global oil prices are pushing up the fuel component of electricity bills in Barbados, according to a statement issued by the Barbados Light & Power Company Ltd. (BL&P).

The company said it is closely monitoring developments in international oil markets as ongoing conflict and global instability continue to affect the cost of fuel, transportation and other essential services.

Because Barbados relies heavily on imported fuel to generate electricity, those changes are now being felt locally.