Government meets the oil majors on retail mark-up

Tue, Mar 22nd 2011, 11:00 PM

By ALISON LOWE
Business Reporter

alowe@tribunemedia.net

The Government has met with the major oil companies as it moves towards a decision on whether to grant an increase in the mark-up retailers can add to the price of gas and diesel, asking for wholesalers to provide information to help it come to a conclusion on the matter.

Valentino Bain, country manager for Esso, confirmed that both he and representatives of Texaco and Shell (FOCOL Holdings), met with minister of state for the environment, Phenton Neymour, last Wednesday to discuss the retailers' position.

The meeting came two days after Mr Neymour, who has ministerial responsibility for relations with the petroleum industry, met ...

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