Search results for : petroleum
Petroleum retailers "nearing the finish line" in talks with government says association's vice-president
April 17, 2024
Petroleum retailers "nearing the finish line" in talks with government says association's vice-president
NASSAU, BAHAMAS — Petroleum dealers and the government have moved "beyond the stalemate and are nearing the finish line" in their discussions, according to Vasco Bastian, Vice-President of the Bahamas Petroleum Dealers Association. He noted that they are confident in the current status of those talks. Bastian told Eyewitness News that while nothing has materialized as [...]
Expect Gas Prices To Rise, Says Petroleum Retailer
April 16, 2024
Expect Gas Prices To Rise, Says Petroleum Retailer
NASSAU, BAHAMAS - As gas prices in New Providence hover just below six dollars, Vice President of the Petroleum Retailers Association Vasco Bastian says it's likely prices at the pumps will continue to rise.
Petroleum Retailers: Things Are Shaping Up Very Well
April 16, 2024
Petroleum Retailers: Things Are Shaping Up Very Well
NASSAU, BAHAMAS - The stand-off between the government and The Bahamas Petroleum Retailers association could be ending soon.
March 06, 2024
Opposition meets with Petroleum Retailers Association
NASSAU, BAHAMAS — Members of the Opposition met with representatives of The Bahamas Petroleum Retailers Association (BPRA) on Tuesday to discuss a wide range of concerns, with the association underscoring the increased burdens experienced by the business community and how these have affected their fixed profit margins. According to a statement by the Opposition, the [...]
March 01, 2024
Petroleum Retailors Association: We Just Want To Make A Decent Profit
NASSAU, BAHAMAS - Gas retailers around New Providence are continuing their calls for an increase in gas margins, they say they are tired of waiting.
February 29, 2024
Petroleum retailers continue to seek a 25 cent increase per gallon on margins
THE Bahamas Petroleum Retailers Association continues to seek a 25 cent per gallon margin increase compared to the previously sought 30 cent increase, with hopes of meeting with Prime Minister Philip "Brave" Davis this weekend.
Appellate court denies petroleum distributor right to appeal oil leak damages award decision
February 28, 2024
Appellate court denies petroleum distributor right to appeal oil leak damages award decision
NASSAU, BAHAMAS — The Court of Appeal has denied petroleum distributor Rubis' request to appeal to the Privy Council a decision in which it slashed by 77 percent the damages award to a Bahamian homeowner after fuel leaks from a nearby gas station contaminated and polluted her property. On October 19, 2023, the Court of [...]
November 30, 2023
Government is still locked in negotiations with petroleum retailers
NASSAU, BAHAMAS — While petroleum dealers assert that "now is the right time for government to increase fuel profit margins," Economic Affairs Minister Michael Halkitis thinks otherwise. Halkitis maintains that government is not minded to make a decision that could increase prices at the pumps. However, with U.S. oil prices dropping in recent days, Halkitis [...]
October 05, 2023
Government, petroleum retailers still locked in negotiations
NASSAU, BAHAMAS — Economic Affairs Minister Michael Halkitis says the government and petroleum retailers remain locked in negotiations over a request from gas operators for gas margins to be increased. "It's a difficult situation because if it were easy, we wouldn't still be talking about it... and so we continue to look for ways that [...]
July 26, 2023
Govt hoping for deal with petroleum retailers by end of summer
Financial Secretary Simon Wilson told members of the media yesterday that the government hopes to finalize an agreement with the Bahamas Petroleum Retailers Association (BPRA) by the end of the summer, adding that talks have currently stalled.
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