UPDATE: Former Energy Minister, Kevin Ramnarine, has shared his thoughts about Unipet in a Facebook post:
I have always known Unipet to be a responsible and professional company. Their actions today means things have reached an unbearable point. I know that many stations under the NP banner are in the same situation but I suspect they are wary of the repercussions of any protest. The situation has reached this point because of the increase in Business Levy and Green Fund Levy in 2016 and the increase in the price of fuel at the pump in the last four years. The increased levies have eaten away at what profits the stations were making. At the same time costs have increased - security, insurance, labour, regulatory compliance etc. These factors combine to make service stations un-economic. The bigger issue is the risk to the entire fuel distribution network of two wholesalers (NP and Unipet) and the 140 stations (115 NP and 25 Unipet). Add to this the uncertainty around the future of Paria Fuel Trading and you have the making of a situation that places the population and the economy at serious risk.
Despite the best efforts of Trinidad and Tobago National Petroleum (NP) to avoid chaos at the nation’s Gas Stations, many drivers were greatly inconvenienced on Tuesday 29th October 2019 due to the closure of several Unipet Gas Stations. They were also met with long lines at many NP Gas Stations, creating gridlock traffic in surrounding areas.
Pictured Above: Long lines at an NP Gas Station in Chaguanas.
Unipet has addressed the chaotic situation by releasing a statement that puts the blame squarely on the Regulator for “not providing sustainable margins to the industry.” They have also pledged to re-open Unipet Gas Stations at 6am on Wednesday 30th October 2019. Unipet Gas Stations affected today include locations at Santa Cruz, Charlieville, Freeport, Cocorite, Chaguanas and Couva, among others.
See their statement below and let us know your thoughts in the comments. In an effort to reduce our operating costs, Unipet and some members of the Petroleum Dealers Association (PDA) cut back their operations today with gas stations scheduled to re-open on Wednesday 29th October at 6:00 am. This is in an attempt to trim operating costs which have been severely impinged by the Regulator not providing sustainable margins to the industry.
Pictured Above: Sign posted at Unipet Gas Station in Santa Cruz
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