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Kerosene, LPG subsidy stays, plus cash card for low-income earners
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Kevin Ramnarine: Defer liberalisation of fuel market to 2022
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NP: No $600m allocation but we still upgraded gas stations
Thursday 4 March 2021
The TT National Petroleum Marketing Company Ltd s (NP) new gas station on Munroe Road, Charlieville is an example of the new look NP stations. PHOTO COURTESY NP.
THE National Petroleum Marketing Company Ltd (NP) on Wednesday responded to a claim from Petroleum Dealers Association (PDA) president Robin Narayansingh that it received a total of $600 million from Government through the Public Sector Investment Programme (PSIP) but did nothing to upgrade or maintain service stations.
In a statement, NP said it has received no PSIP funding since 2013.
The company said notwithstanding this, it has spent over $225 million of its own funds to maintain and upgrade the service station network throughout the country.
Dealers to set gas price by end January
Thursday 31 December 2020
FILE PHOTO: An NP gas station at the O’Meara Road and Churchill Roosevelt Highway intersection in Arima. NP gas stations will be sold to private owners who will be able to set their own gas prices by the end of January 2021. - ROGER JACOB
ENERGY Minister Franklin Khan on Wednesday told Newsday he will initiate a free market in the retail sale of gasoline by the end of January, but not on January 1, 2021 as commonly but wrongly believed. He also promised to tell drivers the wholesale price paid by dealers for their gas so that they might make informed choices.