April 28, 2011
By ALISON LOWE
DIESEL fuel is to "become more scarce" in short order, the President of the Bahamas Petroleum Retailers Association has warned, as retailers face growing problems with cash flow in light of further hikes in the wholesale cost of diesel and gasoline.
Oswald Moore, President of the Bahamas Petroleum Retailers Association (BPRA), said that retailers, who have seen their profits shrink as costs grow and margins remain fixed, "cannot continue to carry this load much longer."
"What we will see right now until the government does something is that diesel will become more scarce as retailers find it harder to go get it and ...
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News date : 04/28/2011 Category : Tribune Stories