Pravind Jugnauth concedes that the Price Stabilization Account of the State Trading Corporation is in deficit

GM can’t lower fuel prices. This aspect of the Prime Minister’s statement, made Monday in Chamarel, went somewhat unnoticed.

Regarding the drop in fuel prices, he made blah blah about the action of Nishal Joyram. Then, Pravind Jugnauth declared, and this is what needed to be heard, that the Price Stabilization Account of the State Trading Corporation is in deficit. This is what Rajiv Servansingh, managing director of the State Trading Corporation, has been saying so far to justify the fact that lower fuel prices are not on the agenda.

If we decode the Prime Minister’s sentence, it is that even if the government wanted to, it is not in a position to lower fuel prices. “The STC coffers are empty”, declared Rajiv Servansingh who, and it is rare for a political nominee, had been formal that the prices would not drop. This was long before Nishal Joyram’s hunger strike. So, it should come as no surprise that the government turns a deaf ear to the request of all motorists and NIshal Joyram. He can’t lower the prices. The manna falling from the sky, or rather from the pockets of motorists, is essential to it. Now Pravind Jugnauth is going to comment on the issue any way he wants. He will explain that he cannot give in to the whims of any potential hunger striker. The fact remains that he is bound hand and foot.

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