Barbados Hedges Fuel at US$92 a Barrel to Shield Power Bills

Barbados has moved to cushion households and businesses from the global energy spike, hedging heavy fuel oil at US$92 a barrel even as Brent trades near US$115. The government is absorbing half of the increase in the Fuel Clause Adjustment on electricity bills for a limited period and has extended value-added-tax caps on fuel through March 2027. Tourism remains central, with 727,310 long-stay visitors in 2025, while the island’s Energy Transition and Investment Plan targets net-zero by 2035. The measures aim to hold down living costs as imported-fuel prices threaten power, transport and construction.

Source: Travel And Tour World; Government of Barbados.