The Small Businesses Association of Jamaica, SBAJ, says the sector is on the verge of collapsing.
According to the SBAJ, consumers are flustered and suppliers are feeling the impact of cash restraints.
In an interview with our news center on Thursday, SBAJ President, Michael Lecky, says increased gas prices over the last four months are testament to the struggling economy.
He’s urging the government to act now.
Hykel Nunes has more.
Last month, President of the Jamaica Gasoline Retailers Association, Dianne Parram, said gasoline retailers could see a turnaround in sales and profit in 6 to 8 months once the relaxed measures continue.
In April, Parram said more than 50 percent of the retailers were struggling to maintain their businesses.
However Mr. Lecky says gas prices are crippling small businesses.
Mr. Lecky says the government should do more to keep small businesses afloat.
He explained that the sector is essential to the country’s recovery.
The SBAJ boss says the sector has exhausted all options.
Meanwhile, the SBAJ President, Michael Lecky, is seeking to remind other sectors that their decisions will impact the country’s economic recovery.
This comes amid Prime minister Andrew Holness warning members of the entertainment sector who are flouting the Covid-19 protocols.
Michael Lecky, SBAJ President