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.

Thursday, July 24, 2025

Energy Minister: Fluctuating fuel prices can aggravate citizens

by

Gail Alexander
2416 days ago
20181211
Energy Minister Franklin Khan speaks with Senate President Christine Kangaloo during the sitting of Senate yesterday.

Energy Minister Franklin Khan speaks with Senate President Christine Kangaloo during the sitting of Senate yesterday.

NICOLE DRAYTON

Gov­ern­ment is mon­i­tor­ing the com­plete re­moval of the fu­el sub­sidy very care­ful­ly since go­ing to mar­ket-dri­ven prices—which change al­most dai­ly in the US— can cause “great ag­gra­va­tion” to the pub­lic, En­er­gy Min­is­ter Franklin Khan has said.

He made the point in the Sen­ate on Tues­day even as French cit­i­zens ri­ot over an in­crease in fu­el prices, forc­ing the gov­ern­ment there to re­verse its de­ci­sion.

The Min­is­ter com­ments were in stark con­trast to that of Fi­nance Min­is­ter Colm Im­bert who joked at IMF con­fer­ence in 2016, say­ing: “I in­creased the price of fu­el by 15 per cent and then re­alised that was not enough. I came back again in April and raised it by an­oth­er 15 per cent and I came back again just a few weeks ago and raised it by an­oth­er 15 per cent. They haven’t ri­ot­ed yet.”

Im­bert lat­er apol­o­gised for his of­fen­sive state­ment in Par­lia­ment. The sub­sidy on diesel and su­per fu­el was de­creased again in this year’s bud­get, push­ing up the price at the pump.

It re­sult­ed in the hike of taxi fares and in­creased the cost of liv­ing for cit­i­zens.

Khan not­ed yes­ter­day that while Gov­ern­ment said in the last Bud­get that it in­tend­ed to phase out the sub­sidy, it would be phased out. While the in­tent re­mains the same, he not­ed there are “con­se­quences” to this, of which Gov­ern­ment is very cog­nisant.

“We have ul­ti­mate­ly to go to a mar­ket-dri­ven price where prices are post­ed every month, like Ja­maica. In the US, the prices al­so vir­tu­al­ly change dai­ly at the ser­vice sta­tion. With fluc­tu­at­ing oil prices, that’s a cum­ber­some sys­tem to man­age and can cause great ag­gra­va­tion to the pub­lic, when you get up every month ex­pect­ing to see an in­crease in prices.

“Con­verse­ly, there could al­so be a dip in prices—it’s a dif­fi­cult sit­u­a­tion we’re in.”

“We’ve re­moved most of the sub­sidy, but with a US$65 oil price fore­cast, the sub­sidy’s gone back up and we’re mon­i­tor­ing the sit­u­a­tion, very, very close­ly.”

OW­TU: Apol­o­gise to tem­po­rary Petrotrin work­ers

Mean­while, the OW­TU blazed “fire” yes­ter­day on Khan for his ex­pla­na­tions in Par­lia­ment last Fri­day about tem­po­rary work­ers re­ceiv­ing gra­tu­ity at the end of every work­ing cy­cle and that Petrotrin had no oblig­a­tion, to such work­ers.

OW­TU stat­ed,”What ac­tu­al­ly hap­pened in Petrotrin is that all tem­po­rary work­ers on­ly re­ceive a gra­tu­ity pay­ment when they worked for a pe­ri­od of twelve weeks or more. To avoid pay­ing this gra­tu­ity, the com­pa­ny en­gaged in ro­tat­ing tem­po­rary em­ploy­ees to en­sure they didn’t ex­ceed 11 weeks of con­sec­u­tive work and as such, al­most all tem­po­rary em­ploy­ees worked for years with­out ever re­ceiv­ing a gra­tu­ity pay­ment.”

“If the En­er­gy Min­is­ter is un­aware of this, then an im­me­di­ate apol­o­gy is re­quired and the plight of all tem­po­rary work­ers must im­me­di­ate­ly be ad­dressed.”

OW­TU al­so con­demned Khan’s state­ment that tem­po­rary work­ers can find em­ploy­ment in ser­vice com­pa­nies.

“The same min­is­ter worked hard re­cent­ly spread­ing pro­pa­gan­da against work­ers which has now put every Petrotrin work­er in a po­si­tion where com­pa­nies are re­ject­ing their ap­pli­ca­tions. Gov­ern­ment tar­nished the work­ers’ im­age, the on­ly com­pa­nies hir­ing Petrotrin work­ers are the same con­trac­tors com­ing to re­place Petrotrin work­ers and at rates that are less than half of what they earned be­fore,” a state­ment said.


Related articles

Sponsored

Weather

PORT OF SPAIN WEATHER

Sponsored