Search results for : fuel
PM noncommittal on any changes for fuel retailers
June 06, 2023
PM noncommittal on any changes for fuel retailers
Prime Minister Philip Davis said yesterday there needs to be a "balance between profitability and affordability", as he suggested that he was comfortable with the profit margins earned by fuel retailers, who stopped selling diesel two weeks ago in a bid to get the government to continue negotiating with them on a margin increase. "At ...
The post PM noncommittal on any changes for fuel retailers a...
Halkitis: Not considering fuel retailers margin fix
May 26, 2023
Halkitis: Not considering fuel retailers margin fix
ECONOMIC Affairs Minister Michael Halkitis confirmed yesterday that the Davis administration is not considering adjusting price margins in favour of petroleum retailers despite some refusing to sell diesel amid complaints about high operating costs.
Govt won't budge on fuel margins
May 26, 2023
Govt won't budge on fuel margins
The government is not considering increasing the profit margins for petroleum retailers, despite some petroleum retailers temporarily halting diesel sales, and the association representing them warning that "further action" would be taken if the government does not address their concerns, according to Minister of Economic Affairs Michael Halkitis. Petroleum retailers are lobbying for an incr...
Halkitis mum as fuel retailers continue action
May 24, 2023
Halkitis mum as fuel retailers continue action
Minister of Economic Affairs Michael Halkitis yesterday brushed off questions about some fuel retailers on New Providence refusing to sell diesel, asking "what action" when questioned about the action taken by the operators who are pressing the government to adjust their profit margins to give them the ability to better survive in business. "Who isn't? How ...
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May 23, 2023
No diesel as retailers 'run out of fuel' waiting on margin help
HIGH fuel costs and the government's failure to address margin concerns prompted some petroleum retailers to stop selling diesel yesterday, according to Bahamas Petroleum Retailers Association President Raymond Jones.
Cuba Fuel Shortages Spark Fistfights, Cutbacks
May 03, 2023
Cuba Fuel Shortages Spark Fistfights, Cutbacks
CUBA - As the gas lines grow longer, tempers in Cuba are growing shorter. Since mid-April, Cuba has struggled with its most dire fuel shortage in years.
Cuba Fuel Shortages Prompt Rationing
April 26, 2023
Cuba Fuel Shortages Prompt Rationing
CUBA - Cuba's fuel shortages have increased dramatically with authorities suspending activities, as well as rationing gasoline sales.
April 26, 2023
Fuel retailers optimistic but Halkitis says no change to come
THE Bahamas Petroleum Retailers Association's (BPRA) president expressed optimism yesterday about resolving long-standing issues affecting gas retailers even as Economic Affairs Minister Michael Halkitis reiterated the government would not change fuel or tax margins to accommodate them.
April 26, 2023
Govt adamant it won't take action to drive up costs at fuel pumps
Minister of Economic Affairs Michael Halkitis said yesterday the government is still in discussion with petroleum retailers over their desire to have the margin on fuel sales increased, but Halkitis reiterated that an increase in the margin for retailers is off the table if it would lead to an increase in the price at the pump.
Fuel margin solutions still being discussed
March 31, 2023
Fuel margin solutions still being discussed
PRESS secretary Clint Watson said petroleum wholesalers met government officials on Wednesday as the Davis administration grapples with addressing retailers' concerns.
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