There could be lower fuel prices at the pump in 2021, says president of the Petroleum Dealers Association (PDA) Robin Narinesingh. Speaking to the Express by phone yesterday, Narinesingh said he hopes if this happens, the country could also see lower food prices at the supermarkets and a decrease in maxi and taxi rates. In delivering the national budget in October, Finance Minister Colm Imbert said the Government will be making way for gas station owners to set their own fuel prices. He said the State has spent $25 billion in fuel subsidies over the last 14 years. âWe are of the view that in the context of the projected international oil prices, the fuel market should now be liberalised. Under this arrangementâwhich is targeted for introduction in 2021âthe fixed retail margins for all liquid petroleum products will be removed. Petroleum dealers and retailers will now be allowed to fix their own margins,â Imbert said.