Chairman of the Trinidad and Tobago Fair Trading Commission, Dr Ronald Ramkissoon, says the group will do what is required to ensure businesses face competition and do so in a balanced way.
In the October 5th national budget the Finance Minister said that the state has decided to remove fixed price margins on liquid petroleum products, allowing distributors to decide their own prices.
Minister Colm Imbert also said all gas stations owned by National Petroleum will be offered up for sale to the private sector.
Mr Imbert said first preference will be given to existing dealers and concessionaires.
Speaking during the On the Line Programme, here on Power 102fm this afternoon, Dr Ramkissoon gave some insight into the act which governs the commission’s work.
Dr Ramkissoon admitted there have been practices taking place that are anti-competitive and outlined action that can be taken to address this.
Source: News Power Now/Power 102.1fm