JavaScript is disabled in your web browser or browser is too old to support JavaScript. Today almost all web pages contain JavaScript, a scripting programming language that runs on visitor's web browser. It makes web pages functional for specific purposes and if disabled for some reason, the content or the functionality of the web page can be limited or unavailable.

Sunday, June 15, 2025

PDA says cash on­ly for gas but...

Unipet still accepting card payments

by

20161027

Mo­torists will still be able to pay for fu­el us­ing deb­it and cred­it cards at the 24 Unit­ed In­de­pen­dent Pe­tro­le­um Mar­ket­ing Com­pa­ny Lim­it­ed (Unipet) ser­vice sta­tions across the coun­try.

Al­though ser­vice sta­tion deal­ers rep­re­sent­ed by the Pe­tro­le­um Deal­ers' As­so­ci­a­tion (PDA) say they will stop ac­cept­ing elec­tron­ic pay­ments for fu­el pur­chas­es from to­mor­row, Unipet CEO Dex­ter Ri­ley said the com­pa­ny has not made any pol­i­cy de­ci­sions on the mat­ter.

He said: "At Unipet, we are con­tin­u­al­ly re­view­ing our cost struc­ture, we have not made a pol­i­cy de­ci­sion with re­spect to that call for ac­tion. Our first ap­proach is to find cost cut­ting mea­sures that won't ad­verse­ly im­pact the pub­lic."

In a state­ment yes­ter­day, Unipet said it re­spects the de­ci­sion of op­er­a­tors to dis­con­tin­ue ac­cept­ing elec­tron­ic trans­ac­tions as that ac­tion "re­flects the dire fi­nan­cial cir­cum­stances which op­er­a­tors face in pro­vid­ing a safe and ef­fi­cient ser­vice to the mo­tor­ing pub­lic and the in­dus­tri­al sec­tor."

Unipet said gas sta­tion op­er­a­tors are func­tion­ing on mar­gins set by Gov­ern­ment since 2005.

"Giv­en in­fla­tion­ary trends and in­creased costs, op­er­a­tors are now run­ning their busi­ness­es on $3.95 on every $100 spent on su­per gaso­line.

"Look­ing at a sim­i­lar sit­u­a­tion, house­holds to­day can­not cov­er their costs on the ba­sis of 2005 wages so op­er­a­tors have a tremen­dous chal­lenge to main­tain the same lev­el of ser­vice to the pub­lic on con­trolled mar­gins which have re­mained un­changed since 2005. It is our hope that this mat­ter will be re­viewed by the Gov­ern­ment and ac­tion will be tak­en to sta­bilise the in­dus­try," Unipet said.

In Ju­ly, PDA pres­i­dent Robindranath Narayns­ingh warned that the coun­try's 170 gas sta­tions were on the verge of col­lapse due to poor prof­itabil­i­ty mar­gins from the sale of fu­el. On Wednes­day, the group an­nounced that its sta­tions will no longer of­fer elec­tion­ic pay­ment op­tions ef­fec­tive to­mor­row.

The PDA said in a state­ment: "At this time the re­tail pe­tro­le­um deal­ers are faced with the dif­fi­cult de­ci­sion of ei­ther op­er­at­ing un­der-staffed, in­con­ve­nient sta­tions, or re­duc­ing the cost of op­er­a­tions, in or­der to re­tain the em­ploy­ees that make your gas-pur­chas­ing ex­pe­ri­ence safe, com­fort­able and ef­fi­cient.

"While our pri­ma­ry du­ty re­mains the pro­vi­sion of fu­el to the na­tion's con­sumers, we al­so have du­ty to the peo­ple we em­ploy, who aid us in said fu­el pro­vi­sion. Our in­dus­try is reg­u­lat­ed by the Min­istry of En­er­gy and En­er­gy In­dus­tries, and spe­cif­ic to the at-pump price of fu­el, the Min­istry of En­er­gy works in con­junc­tion with the Min­istry of Fi­nance to set this cost. Every part of the sys­tem that brings fu­el from ground to tank, is gov­erned by the Pe­tro­le­um Act, 62.01."

The PDA said 200 per cent in­creas­es in the Busi­ness Levy and Green Fund Levy in Jan­u­ary had the ef­fect of "im­me­di­ate­ly desta­bil­is­ing the busi­ness of re­tail­ing fu­el."

"You may have al­ready no­ticed that small­er, neigh­bour­hood gas sta­tions have been shut­ting down af­ter years in op­er­a­tion, un­able to pay the staff re­quired for op­er­at­ing and the steep in­creased tax­es manda­to­ry to our sec­tor.

"We ap­pre­ci­ate the in­con­ve­nience that this pos­es to those who have en­joyed the fa­cil­i­ty of elec­tron­ic pay­ment pro­cess­ing, and we are aware that is equal­ly in­con­ve­nient to the deal­ers. How­ev­er, this is the least jar­ring mea­sure we can take to keep our na­tion's gas sta­tions in op­er­a­tion, there­by keep­ing the ve­hi­cles in our hard-work­ing pop­u­la­tion fu­elled as well."


Related articles

Sponsored

Weather

PORT OF SPAIN WEATHER

Sponsored