Article

NGC has increased natural gas prices for local manufacturers in Trinidad and Tobago, raising concerns about higher production costs and potential negative impacts on local goods and exports. This decision echoes a previous price hike in 2016 that led to the closure of the ArcelorMittal steel facility and job losses, while the Ministry of Trade Investment and Tourism's efforts to boost exports may be compromised. Local manufacturers are already struggling with rising electricity costs and competition from subsidized imports, further threatening productivity and employment in the region.