Search results for : fuel
March 29, 2023
Gas retailer laments rent increase on top of govt's inflexible fuel margin
A petroleum retailer who operates four stations in New Providence said yesterday an "unconscionable" rent bill issued by Sol Petroleum Bahamas Limited for the Esso service station off the Six-Legged Roundabout coupled with the government's thus far inflexible position on a margin increase request could mean he would have to close two of his stations.
Caribbean: Corruption Fueling Illegal Gun Problem
March 24, 2023
Caribbean: Corruption Fueling Illegal Gun Problem
GRENADA - Illegal guns entering the borders of Caribbean countries was among the topics discussed at this year's Regional Security System council of ministers meeting on Wednesday.
March 23, 2023
Grenadians Enjoy Benefits of Falling World Fuel Prices
GRENADA - Residents in Grenada are seeing a drop in their fuel charge for electricity for the sixth consecutive month and it's all because of dropping world fuel prices.
Meeting with fuel retailers was 'fruitful'
March 15, 2023
Meeting with fuel retailers was 'fruitful'
AFTER meeting with gas retailers on Monday to discuss their concerns amid rising costs, Prime Minister Phillip "Brave" Davis said he believes the discussions with the group were "fruitful" and added he is hopeful that his administration will be able to reach within the next two weeks an amicable solution for the benefit of all.
Govt spoke with fuel retailers on margins
March 14, 2023
Govt spoke with fuel retailers on margins
THE government has agreed to "explore other avenues" with fuel retailers to help bring them some relief while not increasing the cost of gasoline at the pumps for consumers, the Office of the Prime Minister said yesterday.
March 09, 2023
Petroleum retailers on New Providence agree to take action over fuel margins
NASSAU, BAHAMAS- Petroleum retailers on New Providence say that they have decided to take action to ensure the viability of their businesses as discussions with the government over their current fuel margins have not yielded the desired results. According to Raymond Jones, president of The Bahamas Petroleum Retailers Association, following an emergency meeting yesterday, 80 [...]
BPL resuming fuel hedge trades
February 08, 2023
BPL resuming fuel hedge trades
Bahamas Power and Light (BPL) announced yesterday it is resuming fuel hedge transactions and is in the process of implementing a new agreement that will hedge an additional 15 percent of its acquired fuel.
February 08, 2023
BPL confirms new agreement to hedge additional 15 percent of its fuel
NASSAU, BAHAMAS — Bahamas Power and Light (BPL) said yesterday that approximately 56 percent of its fuel used for power generation is hedged, with the company in the process of implementing a new agreement that will hedge an additional 15 percent. The company issued a statement yesterday in response to recent criticisms of its fuel [...]
Hurricane Hole Superyacht Marina becomes first in The Bahamas to offer convenient refueling amenity for large yachts
January 06, 2023
Hurricane Hole Superyacht Marina becomes first in The Bahamas to offer convenient refueling amenity for large yachts
Hurricane Hole Superyacht Marina is bigger and better than ever after a total reconstruction and expansion, and that includes a first-of-its-kind amenity inThe Bahamas that offers a unique convenience for large yachts.
URCA satisfied BPL made case for fuel charge hikes
December 16, 2022
URCA satisfied BPL made case for fuel charge hikes
Following a review of Bahamas Power and Light's (BPL) recently implemented glide path increases, the Utilities Regulation and Competition Authority (URCA) yesterday said the power company has made an adequate case for those increases. The decision, which was published yesterday, comes after months of outcry from the public and opposition that the Davis administration's decision ...
The post URCA s...
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