Charles Chambers, CEO of West Indies Petroleum - file photo
Chief Executive Officer of West Indies Petroleum Limited, Charles Chambers has called for an urgent regional approach to address the Caribbean's crippling energy costs, emphasizing that current pricing structures are suffocating economic growth across the region.
Speaking at the Jamaica Stock Exchange Regional Conference 2025 last week, Mr. Chambers highlighted what he says is the stark reality facing Caribbean consumers.
Citing Jamaica as an example, he shared that Jamaicans pay $6 per gallon for fuel compared with $2.50 in the United States, while electricity costs in Jamaica are $0.49 per kilowatt hour versus $0.04 in Houston, Texas.
Mr. Chambers says three critical areas for immediate attention to address the high energy costs are inefficient infrastructure, punitive tax structures, and fragmented regional approaches to energy distribution.
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