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T&T at risk if fuel subsidy is removed
The fuel subsidy was originally intended for all our citizens to derive some little benefit from our petroleum windfall, especially in the area of gasoline and cooking gas, and not for a chosen few to defraud our nation.The gas subsidy is good and is intended to encourage industry and a better quality of life for the citizens of our country. Unfortunately, corruption of the subsidy has become a drain on our treasury and is threatening our citizens, who will be forced to pay the full price penalty of Government incompetence. The fuel corruption can be remedied if simple steps are followed. This non-governmental organisation has in previous correspondences outlined simple ABC steps that will stop the corruption, create transparency and save possibly billions lost through the official and slippery fingers of corruption.The fraud is occurring when the subsidised fuel is exported to unauthorised users or other countries, and to those who are operating in the energy sector. T&T, unlike Nigeria, does not have any neighbouring countries accessible by land, so if the fuel is to be sold elsewhere, it must be transported either by air or by sea. It is widely reported and known that several oceanic vessels (including shrimp trawlers) are now in the business of transporting fuel, which is sold to them in unlimited, unrecorded quantities by the pump (at the subsidised price).
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