With concerns being raised about adjustment in fuel costs in the 2024 Budget, the President of the Petroleum Dealers Association Robin Narayansingh is hoping for a consultation with all stakeholders and the Energy Ministry.
He said this is critical because of the potential impact of rising fuel costs on citizens’ pockets.
In a GML interview, he said: “The petroleum dealers should have consultations with the Ministry of Energy and all the stakeholders because they play a very important role in the commercial interest of Trinidad and Tobago.:
“The whole country and economy is dependent on fuel and it is all financed by private gas station dealers. Without consultations what happens is that the suppliers do things that are not in the best interest of the industry.”
The Prime Minister had urged citizens last year to rethink how they consume fuel. He said adjustments had to be made to the subsidy and Government had to make a conscious decision to cap it at $1 billion to allocate funds wisely to all other sectors.
Narayansingh is asking for updates on plans for the petroleum sector announced by Imbert in previous budget presentations, including the sale of NP gas stations.
“So far, nothing has materialised and we would like him to take a look and give us an update on the status of how far this initiative has reached. A lot of gas station dealers are filled with expectations and they are very anxious to have their environment and their industry in a secure and hopeful manner,” he said.