Petrol retailers stop diesel sale

Fri, Mar 11th 2011, 10:00 PM

LOCAL petroleum retailers stopped the sale of diesel at all their locations yesterday.

The move forced the government to agree to meet with them on Monday with a view to address their diesel mark-up which, it is claimed, has not been increased for more than 30 years.

At a price of $4.54, retailers claim they are only making 19 cents on a gallon of diesel sold. This margin, they said, is unsustainable for their stations, with many now not wanting to even sell the product.

One retailer, who spoke to The Tribune yesterday on condition of anonymity, said he is finding it increasingly difficult to stay in business.

"Right now diesel is $4.54 at our station (Texaco). On that we make 19 cents. I ...

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