By Markelia Rumble

Chief Executive Officer (CEO) of West Indies Petroleum Limited Charles Chambers has called for an urgent regional approach to tackle the Caribbean’s crippling energy costs.

Speaking at the Jamaica Stock Exchange regional conference, Chambers stressed that current pricing structures suffocate economic growth in the Caribbean.

Citing Jamaica as an example, the executive shared that Jamaicans pay $6 per gallon for fuel compared to $2.50 in the United States.

He said the region must leverage public-private partnerships to address the high energy costs.

The industry executive further called for a strategic shift in how energy infrastructure projects are developed.

He emphasized the role of collaboration, local expertise, and investment.