 Minister for Commerce, Industry, Investment, Enterprise Development and Consumer Affairs Hon. Bradley Felix, noting the most recent adjustment in the prices of petroleum products on Ireland is providing clarity to the public as it relates to government's pricing mechanism. The modified market-pass through petroleum pricing mechanism in February 2015 was changed to a three-week period with a view of allowing government to respond to the fuel price adjustments as they played out on the world market. I want to give a comparison at our last-pass-through mechanism compared to this-pass-through mechanism going forward. At our last-pass-through mechanism that was in place, the landed price, and I want to speak specifically to gasoline, which is where the increase is currently. Gasoline was landed at $6.20, and in this period it landed at $6.69, a difference of $0.49. Government has in place excise tax of $4, which is added on to this figure. Out of that $4, we are very familiar that $1.50 is committed to our road rehabilitation road improvement project. There is a service charge of 6%, which is calculated on the landed cost, and at our last period that service charge of 6% amounted to $0.37, and this period the service charge is $0.40. So $0.49, the difference in the landed price and the service charge we now at a total of $0.52. The company margin starts at $8.01, and that accounts for individuals bringing in fuel, and the retail margin starts at $1.10, which accounts for individual selling fuel. None of the aforementioned margins change. The minister explained that the increase in costs such as the increase in CIF and the service charge account for the $0.53 increase. Minister Honourable Felix indicated, however, that in many instances the government continues to absorb some of the costs to consumers. Adding the LPG, the 20-pong and 22-pong cylinders where we see another adjustment, had government passed on the increase, customers would have been paying an increase of $0.96. Government decided to further subsidize this by $0.48 and $0.53 respectively, and therefore it brings a total of the subsidy now towards the 20-pong and 22-pong at $7.86 and $8.65 respectively. This means we estimate that government will be giving up revenue of about $400,000 in subsidies towards the LPG 20 and 22-pong cylinders. Government is expected over the next three-week period to make about $3.6 million in excise tax revenue, $3.6 million. We make a comparison to last year February. Government had estimated that we would have made about $4.25 million. So you could recognize the difference between last year and this year in terms of the estimates and in terms of the revenue that government is making. During the price of fuel in member states of the Eastern Caribbean currency union, the minister reaffirmed the government's commitment to keeping gasoline capped at $13.95 per gallon. The funds amassed by the government over the three-week pass through petroleum pricing mechanism is expected to contribute to government expenditure.