Trinidad and Tobago embraces CNG as fast-route to reducing gasoline usage; $2.6 billion in gasoline subsidy payments eyed

In Trinidad and Tobago, the national government cut the excise duty for compressed natural gas (CNG) from 21 cents to 5 cents and firmly set the island nation’s sights on converting from gasoline to CNG, instead of biofuels. The government is paying subsidies of $2.6 billion per year to defray the impact of rising gas prices for consumers.

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