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Paria Fuel stops supplying fuel to UNIPET

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Duane 3NE 2NR
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Paria Fuel stops supplying fuel to UNIPET

Postby Duane 3NE 2NR » December 3rd, 2019, 9:57 am

From today, Paria Fuel Trading Company will stop providing UNIPET with fuel.

Despite this, the state company is assuring the public that this decision will not affect the fuel available to motorists.

It says it will give NP the difference in quantity of fuel required to meet the country’s needs.

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Paria says its decision to cut UNIPET’s fuel supply is a consequence of the parties failing to renegotiate a Supply Agreement since April 2019 as well as UNIPET defaulting on payments owed for September and October 2019 deliveries.

Paria states it has had challenges receiving payment from UNIPET in accordance with the agreed payment schedule, which can affect its ability to procure fuel from its suppliers.

Despite the latest move, Paria states that it is willing to continue discussions with UNIPET to achieve a solution that is both safe and in the best interest of both companies and which minimizes any disruption of supply to the local market.

https://www.103fm.tt/news/paria-fuel-tr ... to-unipet/

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Heritage Halts supplies to UNIPET-can anyone confirm?

Postby Redman » December 3rd, 2019, 9:58 am

https://www.103fm.tt/news/paria-fuel-tr ... to-unipet/


From today, Paria Fuel Trading Company will stop providing UNIPET with fuel.

Despite this, the state company is assuring the public that this decision will not affect the fuel available to motorists.

It says it will give NP the difference in quantity of fuel required to meet the country’s needs.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby Monk BANzai » December 3rd, 2019, 10:01 am

Paria sells Unipet gas at international rates and Unipet has to apply back to the government for the subsidy ....Government owes Unipet millions they not saying that .

NP doesn’t pay Paria until the next shipment reaches giving them credit but wants cash from Unipet... that’s what Paria uses to pay their bills.... is Unipet money.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby sMASH » December 3rd, 2019, 10:04 am

well then, unipet needs to come out and say that there, themselves. cause it just sounds like unipet owing.
like imburt NIFfund being over subscribed, and NIB going into arrears, while also buying a bunch of NIF

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby toyolink » December 3rd, 2019, 10:17 am

This certainly will result in negative consequences for the motoring public.
CNG distribution network may very well be severely constrained.
The management of fuel distribution and marketing in T&T seems to be utter confusion.
Panic buying and hoarding don't even may sense in this scenario.
Wait time and line at NP stations may lead to more indiscipline and inconvenience.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby Redman » December 3rd, 2019, 10:23 am

The late payment of the subsidy to the Marketing companies has been a fixture forever.

Now we have an entity that is less capable of absorbing the erratic payments.

UNIPET should sue the GORTT-for losses-if the subsidy is not being paid to them in favor of NP thats unfair practices.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby maj. tom » December 3rd, 2019, 10:30 am

I was wondering why Brentwood UNIPET was closed yesterday. They must be have some reserves for a few days to claim that they have fuel for the public. But after that....?

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby Monk BANzai » December 3rd, 2019, 10:34 am

Redman wrote:The late payment of the subsidy to the Marketing companies has been a fixture forever.

Now we have an entity that is less capable of absorbing the erratic payments.

UNIPET should sue the GORTT-for losses-if the subsidy is not being paid to them in favor of NP thats unfair practices.


Leh we from a TEA party nuh.... #GreatThirdOption

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby Redman » December 3rd, 2019, 10:47 am

maj. tom wrote:I was wondering why Brentwood UNIPET was closed yesterday. They must be have some reserves for a few days to claim that they have fuel for the public. But after that....?


Typically the rule of thumb is 3-5 days of storage-

Of course this wouldnt matter if this happend to be day 4.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby Rovin » December 3rd, 2019, 11:58 am

sad for them but that is business where d supplier has ur balls in a vice so they cud squeeze it how hard they want & u not in a position to do anything much ....

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby Curtms » December 3rd, 2019, 12:22 pm

Is this also kamla fault ?

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby pugboy » December 3rd, 2019, 12:44 pm

Well the taxis might complain and it may very well affect traveling public with lack of cng stations

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby greatbear » December 3rd, 2019, 1:54 pm

Curtms wrote:Is this also kamla fault ?


The possibility exists, we'd have to set up a commission of inquiry to determine if it was in fact Kamz's fault. Give it a couple years.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby teems1 » December 3rd, 2019, 2:15 pm

So what does this mean for the regular citizen?

Unipet would no longer be functioning?

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby Dave » December 3rd, 2019, 4:44 pm

Less stations available to obtain gas from basically with their absence.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby pugboy » December 3rd, 2019, 5:02 pm

Could cause congestion with the number of cars on our roads

Dave wrote:Less stations available to obtain gas from basically with their absence.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby redmanjp » December 3rd, 2019, 5:44 pm

so Unipet closing down for now?

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby hydroep » December 3rd, 2019, 6:04 pm

Something go work out. UNIPET just spend one set of money upgrading/opening some stations, cyar see dem giving up jus' so...unless the plan is for NP to acquire said assets...:|

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby Redman » December 3rd, 2019, 7:04 pm

The problem is one of cash flow.
Paria has to pay in front and can't wait on the govt.

Unless the govt steps in gives a guarantee.

Arithmetic is a mudderfugger.
Last edited by Redman on December 4th, 2019, 6:21 am, edited 2 times in total.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby pugboy » December 3rd, 2019, 7:07 pm

So np stations does have similar payment issues or they get better credit terms ?

Redman wrote:The problem is one of cash flow.
Heritage has to pay in front and can't wait on the govt.

Unless the govt steps in gives a guarantee.

Arithmetic is mudderfugger.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby gastly369 » December 3rd, 2019, 7:55 pm

From fyzo

fyzo NP looking like ah latrine since I born never see any maintaince work done and location might get rob or shot

Next Siparia them close for some months for maintenance (multiple times of wrong tanked fuel to pumps) so ppl engine mashup

Going down the road penal well them still catering for the bull carts.. If ask for premium "what is that?"

Soo now I have to fuel up at cross crossing San Fernando NP? Tf man
pugboy wrote:So np stations does have similar payment issues or they get better credit terms ?

Redman wrote:The problem is one of cash flow.
Heritage has to pay in front and can't wait on the govt.

Unless the govt steps in gives a guarantee.

Arithmetic is mudderfugger.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby Redman » December 3rd, 2019, 9:37 pm

pugboy wrote:So np stations does have similar payment issues or they get better credit terms ?

Redman wrote:The problem is one of cash flow.
Heritage has to pay in front and can't wait on the govt.

Unless the govt steps in gives a guarantee.

Arithmetic is mudderfugger.


Not stations...National Petroleum.

This is at the wholesale level....NP and Unipet.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby nervewrecker » December 3rd, 2019, 10:09 pm

gastly369 wrote:From fyzo

fyzo NP looking like ah latrine since I born never see any maintaince work done and location might get rob or shot

Next Siparia them close for some months for maintenance (multiple times of wrong tanked fuel to pumps) so ppl engine mashup

Going down the road penal well them still catering for the bull carts.. If ask for premium "what is that?"

Soo now I have to fuel up at cross crossing San Fernando NP? Tf man
pugboy wrote:So np stations does have similar payment issues or they get better credit terms ?

Redman wrote:The problem is one of cash flow.
Heritage has to pay in front and can't wait on the govt.

Unless the govt steps in gives a guarantee.

Arithmetic is mudderfugger.


You understand!

They keep the stations like ratholes where it stink or has one set of characters liming nearby.

Gotta hand it to fyzo unipet, place always clean, the layout has it a bit more spacious than most NP stations and its a recently overhauled station with fresh UST so no worries about water in the fuel. Rate of sales seems to be high so fuel don't stay long and get stale. Never had issues with the premium there.

NP Fyzabad, seems nobody in control of anything and there is no order. People does park all how.

I usually full at Cross-crossing and Marabella now though. The sheer thought of having to fill at NP stations gets me kinda nauseous.

I have filled at NP Debe as its a being a 24 hour station but during the daylight is hell to get there with traffic and then space tight because people dont seem to know how to ark or form an orderly line.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby Redman » December 4th, 2019, 6:47 am

If this issue revolves around the subventions fromGortt .....unipet has them by the ballz

Whether gorttt for supporting np or Paria for not taking the same action against np.

NP should be in a similar state as unipet....if not worse.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby pugboy » December 4th, 2019, 6:49 am

That was my question earlier


Redman wrote:If this issue revolves around the subventions fromGortt .....unipet has them by the ballz

Whether gorttt for supporting np or Paria for not taking the same action against np.

NP should be in a similar state as unipet....if not worse.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby Redman » December 4th, 2019, 6:57 am

This is a case for the liberalization of transportation fuels ....this model can’t work.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby pugboy » December 4th, 2019, 7:12 am

So will the independent np stations owners be willing to revolt?

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby Redman » December 4th, 2019, 9:19 am

No.
It would break the supply agreements.
No such thing as an independent NP station.

Understand this, the problem is at the point of Petrotrin/Paria/ patriotic selling the fuel to NP/Unipet

As it stands today that transaction happens where the govt pays the seller a large part of the price...as part of the subsidy mechanism.

Gortt never pays on time....so there is always a balance that NP/Unipet cannot pay because the cost is more than NP/Unipet sell it for.

Therefore as long as fuel is subsidised...govt will have a huge bill to pay to the Seller.
And keep in mind that the turn over is massive.

This cannot work today.

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby zoom rader » December 4th, 2019, 9:32 am

Sell Petrotrin
Fire Workers
Open new company
Can't supply fuel
Stave unipet

Nice

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Re: Paria Fuel stops supplying fuel to UNIPET

Postby pete » December 4th, 2019, 10:18 am

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

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