State, A&V Oil in $m settlement newsday.co.tt - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsday.co.tt Daily Mail and Mail on Sunday newspapers.
Government has backed away from cutting or removing any of the taxes on petrol products which many blame for high prices at the pump.The alternative, Minister in the Ministry of Finance Ryan Straughn declared, would be a decline in the public services that have kept many proverbial heads above the water in the COVID-19 pandemic, and curtailed capital works projects including a massive road repair programme.Straughn on Monday revealed that massive bills from the pandemic, the ashfall from the La Soufriere volcanic eruption and, most recently Hurricane Elsa, together with a $600 million falloff in revenue have left the economy in a “delicate” state. Exacerbating the already bad situation are price increases on the world market for basic commodities, including petrol, which has climbed to $3.99 and $3.16 per litre for gasoline and diesel, respectively, at the pump.
Transaction Process Commences for Trinidad s National Refinery (Guaracara) prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Trinidad and Tobago owes the late energy minister, Franklin Khan, a great debt of gratitude.
This, according to Trinidad Petroleum Holdings (TPHL) and its group of companies as it joined the nation in mourning the loss of Khan, who passed away yesterday.
TPHL and its subsidiary companies: Heritage Petroleum Company Limited (Heritage), Paria Fuel Trading Company Limited (Paria), The Guaracara Refining Company Limited (Guaracara) and The Petroleum Company of Trinidad and Tobago (Petrotrin), extended sincere condolences to his family, friends, and colleagues.
TPHL’s Chairman Michael Quamina recalled that Khan was appointed Energy Minister in 2016 and it was under his stewardship that the group of companies was born.