Paria Fuel stops supplying fuel to UNIPET

[Dizzy28]

Didn't Colm say a few years ago diesel is 50% of the subsidy

Wait.. I thought Super and Premium were now basically not subsidised?

[toyolink]

The distribution model the state has facilitated and enforced can no longer apply since the petrotrin buffer no longer exist.
In fact it is very likely that even NP may be confronted with cash flow issues which may make timely payments to Paria a problem, except the gov't may allow for defacto credit in this case.
If the model is flawed the result may end up with the state and or its ventures in a cash squeeze.

[16 cycles]

they gonna open the market up to break the NP monopoly if/when all subsidies removed?

[sMASH]

soo, free market fuel?

[zoom rader]

they gonna open the market up to break the NP monopoly if/when all subsidies removed?

Most likely

The puzzle is now fitting in so expect to pay world market prices.

PNM go say it's not them that did this.

Sell Petrotrin, send home workers, kill the market, no more NP, open the market.

In the end it's you affected

[zoom rader]

soo, free market fuel?

At world market prices .

PNM killed your benifit

They got the job done

[toyolink]

The Minister Of Finance seems to be hell bent on testing how far he can go before we have riots.
Unfortunately when social unrest does start, history has shown that is hell to settle things down.

[zoom rader]

The Minister Of Finance seems to be hell bent on testing how far he can go before we have riots.
Unfortunately when social unrest does start, history has shown that is hell to settle things down.

Well they know they can dish out whatever they want and the people will take it.

Indos are docile and Trini Afros would never riot to make their PNM goverment look bad.

Had this been a non PNM government doing this then protess would have been wide spread initiated by PNM ppl.

It would also be an opportunity for PNM ppl to loot as they did before

[hydroep]

It have growing discontent on the ground, none stronger than in the PNM camp. They feel betrayed by Sh!tkicker but 'fraid to do anything about it because of potential victimization. Buh everybody have a breaking point and by then the consequences eh go matter.

When the dam buss, watch out...

[zoom rader]

It have growing discontent on the ground, none stronger than in the PNM camp. They feel betrayed by Sh!tkicker but 'fraid to do anything about it because of potential victimization. Buh everybody have a breaking point and by then the consequences eh go matter.

When the dam buss, watch out...

They need to learn the hard way and stop taking chain up from the PNM.

PNM plays the mind of these ppl.

Grass root are the bulk of the PNM but they do very little for them

The limited upper end of the PNM reap all the benefits.

Then agian every citizen is the same so why should one group of ppl benifit more than the other.

[Soul Collector]

Saw the NP at Curepe junction have no super...

[Dave]

Curepe junction is a Unipet.

[pugboy]

So by or before weekend them stations gonna run out

[88sins]

I wonder
Is NP going to make the move to eventually take over all those UNIPET stations?

[Soul Collector]

Curepe junction is a Unipet.

Balls....

Thanks. Swear I doe put gas there often eh...

[teems1]

Medford appears to be not operating.

All lanes have a cone/no parking sign. The mini mart is open for business though.

[sMASH]

couva main road gates closed, gypsy gas station causing havoc, as is the norm when only one station is operable.
the other station closest is mcbean and that is quite a bit further to go.

[zoom rader]

You all wanted PNM

So take it now

[Blaze d Chalice]

Proud of my party.

On the road to vision 2030.

[toyolink]

The mess has started.
Another cause of fustration for the average citizen and at this time of the year tempers may surely flare.
At time like these its important to keep a 'cool head' and be mentally prepared when visiting gas stations.
Those accountantable for our fate probably wont be in the station when your anger flares.

[hydroep]

Imbert: I'll intervene in gas station impasse
Julien Neaves

ACTING Energy Minister Colm Imbert says Unipet owes the Paria Fuel Trading Company more than $100 million.

Imbert, who is acting for Energy Minister Franklin Khan, who is out of the country, was responding to an urgent question from Opposition Senator Wade Mark in the Senate on Wednesday.

He said he would intervene in the issue, which saw Paria refuse on Tuesday to supply Uniept's 24 gas stations across the country.

Mark asked how the decision of Paria to immediately discontinue the supply of fuel to Unipet following reports of a breakdown in negotiations would affect the motoring public.

Paria, in a statement on Tuesday, said it had decided to cut Unipet’s fuel supply because the company had failed to renegotiate a supply agreement since April 2019.

It also said Unipet had defaulted on payments for September and October 2019 deliveries. Unipet issued a statement in response, but subsequently retracted it. NP in a separate statement said that as TT's largest service station network operator, it can provide a continuous and reliable supply of fuel across the country and advised citizens not to panic-buy fuel.

Imbert on Wednesday said there was no breakdown in negotiations between Paria and Unipet. He explained that when Paria was formed last year there was a short-term written contract put in place with Unipet which expired in March this year. He reported from March to October the arrangement between the two companies has been through a monthly arrangement which is executed by a letter on the same terms and conditions of the previous arrangement and signed by both sides.

He said between April and October, Unipet signed the letter and adhered to the credit terms for the supply of fuel, but in November Paria sent the usual monthly letter to Unipet, but Unipet declined to sign it.

"Unipet was given fuel in good faith by Paria. Unipet declined to pay for fuel, and owed Paria $172 million as of a couple weeks ago."

The two companies met and Unipet agreed to make a part payment of $68 million, but only paid $62 million, and still declined to sign any written arrangement with Paria.

"And it now owes Paria in excess of $100 million for fuel supplied without any written agreement."

He said Paria, the wholesale supplier of motor fuels, and Unipet were currently in negotiations and it is expected the impasse will be short, minimising any disruption to the driving public.

Mark asked how soon Imbert expected a resolution to the matter ,which could have an adverse impact on the motoring public.

Imbert reiterated it was an issue of non-payment for fuel supply, and not signing an agreement which has been enforced for several months.

"As the acting Minister of Energy, it is my intention to intervene in this matter to bring some relief.

"However, we have to ensure that anybody who is supplied with fuel that is paid for by taxpayers' money pays their bills and pays them on time."

He said he hoped with his intervention to have the matter resolved in the shortest time possible.

Imbert said he was advised that NP has a network of 117 operating service stations which are strategically located throughout the length and breadth of TT, while Unipet has 24, primarily in densely populated areas also served by NP.

"I am further advised that NP has the existing capacity and capability to meet the fuel requirements of the motoring public and additional resources have been put in place in terms of the supply and the delivery of fuel at NP service stations to deal with any issues that may arise."

Newsday checked with a number of Unipet stations on Wednesday. They were all open and there were no long lines. It was also business as usual at NP stations as well.

https://newsday.co.tt/2019/12/04/imbert-ill-intervene-in-gas-station-impasse/

[zoom rader]

^^^ Gas Station racket all over agian as in the 1970s

[pugboy]

If there is unfair treatment of np stations being allowed longer payment terms for the subsidy buffering then Unipet should make a stink

[zoom rader]

If there is unfair treatment of np stations being allowed longer payment terms for the subsidy buffering then Unipet should make a stink

Yeah but they waited till after elections.

Hope you all see how this stinking PNM operates.

[Redman]

If there is unfair treatment of np stations being allowed longer payment terms for the subsidy buffering then Unipet should make a stink

It’s not NP stations.
It’s National Petroleum.

This is a problem at the wholes sale level...not retail.

Stations have no credit NP.

[nervewrecker]

gastly, where we go full fuel now jed?

I saw unipet santa flora still open today.

NP santa flora is pretty ok to full. Like is NP SF from now on

[zoom rader]

gastly, where we go full fuel now jed?

I saw unipet santa flora still open today.

NP santa flora is pretty ok to full. Like is NP SF from now on

Ask Rowlee bro, he created this mess

[nervewrecker]

gastly, where we go full fuel now jed?

I saw unipet santa flora still open today.

NP santa flora is pretty ok to full. Like is NP SF from now on

Ask Rowlee bro, he created this mess

Rowlee have nothing to do with the way station owners keep their place or the crowd they allow to loaf around.

[zoom rader]

gastly, where we go full fuel now jed?

I saw unipet santa flora still open today.

NP santa flora is pretty ok to full. Like is NP SF from now on

Ask Rowlee bro, he created this mess

Rowlee have nothing to do with the way station owners keep their place or the crowd they allow to loaf around.

That was not the question you asked

[nervewrecker]

gastly, where we go full fuel now jed?

I saw unipet santa flora still open today.

NP santa flora is pretty ok to full. Like is NP SF from now on

Ask Rowlee bro, he created this mess

Rowlee have nothing to do with the way station owners keep their place or the crowd they allow to loaf around.

That was not the question you asked

well in all fairness, you have a point