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Saturday, March 22, 2025

PM: Govt won’t allow gas monopoly

by

Peter Christopher
1627 days ago
20201007
Prime Minister Dr Keith Rowley arrives at the Diego Martin Health Centre along the Wendy Fitzwilliam Boulevard, Diamond Vale, DIego Martin, ahead of its official opening yesterday.

Prime Minister Dr Keith Rowley arrives at the Diego Martin Health Centre along the Wendy Fitzwilliam Boulevard, Diamond Vale, DIego Martin, ahead of its official opening yesterday.

ANISTO ALVES

pe­ter.christo­pher@guardian.co.tt

Gov­ern­ment will not al­low the gas sit­u­a­tion to be­come worse.

This was the word from Prime Min­is­ter Dr Kei­th Row­ley yes­ter­day as gave as­sur­ances that the de­ci­sion to pri­va­tise Na­tion­al Pe­tro­le­um gas sta­tions will not lead to a mo­nop­oly.

“It will be very trans­par­ent and it will be very open. And if course we will not, noth­ing is re­served for any­body. Con­glom­er­ate or soli­taire. The sit­u­a­tion is that we will en­sure that there is trans­paren­cy in what we do. Noth­ing is re­served for any­body,” Row­ley said fol­low­ing the open­ing of the new Diego Mar­tin Health Cen­tre in Di­a­mond Vale.

Dur­ing Mon­day’s Bud­get pre­sen­ta­tion, Min­is­ter of Fi­nance Colm Im­bert an­nounced the lib­er­al­i­sa­tion of the fu­el sec­tor as well as the in­tend­ed sale of all NP gas sta­tions, with op­er­a­tors to be giv­en first pref­er­ence.

How­ev­er, this has brought fear of a mo­nop­oly among pri­vate en­ti­ties and in­creased costs at the pumps as a re­sult for the pub­lic. But Row­ley tried to al­lay those fears.

“Of course, the Gov­ern­ment will have to en­sure that what­ev­er we cre­ate does not wors­en our sit­u­a­tion or give any un­due ad­van­tage or cre­ate any dis­ad­van­tage,” he said in re­sponse to ques­tions of a po­ten­tial mo­nop­oly emerg­ing.

He al­so down­played the pos­si­bil­i­ty of run­away prices ad­verse­ly af­fect­ing the wider pub­lic, as he said it placed a lev­el of re­spon­si­bil­i­ty on the con­sumer to man­age the mar­ket as he re­mind­ed that Na­tion­al Pe­tro­le­um nev­er con­trolled the fu­el prices.

“That was nev­er NP’s role, fu­el prices were a cab­i­net de­ci­sion. It will be more of a mar­ket sit­u­a­tion be­cause of com­pe­ti­tion in the mar­ket, the con­sumer will now play a big­ger role,” he said.

“If the peo­ple who are now go­ing to get in­volved in own­ing gas sta­tions and they are com­pet­ing, you wouldn’t go to a gas sta­tion where the price is high­er would you?

“And by the same to­ken, if the price of oil goes up and takes the price of fu­el up with it, you wouldn’t run up and down with your car be­cause you feel to dri­ve? You would make a de­ci­sion as to when you trav­el, how many peo­ple you car­ry if you have fam­i­ly, how of­ten you trav­el, how much fu­el you burn, so you now have the lever in your hand to de­ter­mine how you in­flu­ence your fu­el ex­pense.”

Row­ley al­so re­spond­ed to com­plaints from used car deal­ers, who ex­pect their mar­ket to col­lapse amid the re­moval of tax con­ces­sions for the im­port­ed ve­hi­cles and the re­duc­tion of the im­por­ta­tion of the age of used cars to three years. He ex­plained that the im­por­ta­tion of cars was not a na­tion­al pri­or­i­ty at this time.

“I would sim­ply say to the peo­ple in the car busi­ness, used car, un­used car and what­ev­er, if I have a choice to make be­tween en­sur­ing we have for­eign ex­change to buy med­i­cine for the hos­pi­tal, I would re­strict the ex­pen­di­ture on mo­tor­cars. Be­cause one thing this coun­try is not short of is mo­tor­cars, but we can­not be short of med­i­cine for the hos­pi­tal. And that is my an­swer,” Row­ley said.

In fact, he re­vealed that con­sid­er­a­tion was made to com­plete­ly ban the im­por­ta­tion of cars.

“You know there are some coun­tries in sit­u­a­tions like this where all they did was ban the im­por­ta­tion of cars. Case closed,” he said.

“We didn’t do that. But yet that was an op­tion that we had you know. And I must tell you we con­sid­ered it you know. It was con­sid­ered. But we said we will take the next op­tion, which is to re­strict the im­por­ta­tion.”

Row­ley al­so ex­plained the rea­son­ing be­hind the de­ci­sion to pri­va­tise the Port of Port-of-Spain, which he said would raise the lev­el of the port. (See ed­i­to­r­i­al on Page A12)

“At this point in time, the op­tion that is best for us is to get it in­to a sit­u­a­tion where the Port of Trinidad and To­ba­go could be a recog­nised port by those who use the world’s trans­porta­tion ser­vice,” he said.

“We are re­ceiv­ing the out­come of our decades of man­age­ment. Get­ting weak­er and weak­er and weak­er and weak­er in port busi­ness. What for­eign in­vest­ment would do, or even lo­cal in­vest­ment for that mat­ter, if we get it out of the pub­lic ser­vice in­to the hands of pri­vate sec­tor.

“They au­to­mat­i­cal­ly will put the port in­to an in­ter­na­tion­al per­spec­tive. The in­vest­ment that they will make to up­grade the port and so on, they will fo­cus not just be­ing the Port in Port-of-Spain for col­lo­qui­al busi­ness and rea­sons but see it in the con­text of in­ter­na­tion­al trans­porta­tion.”


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