Trinidad and Tobago Minister of Energy and Energy Affairs Kevin Ramnarine stated last Thursday at the Post Cabinet press conference that up to $1.5 billion is being lost annually because of illegal diesel bunkering.
He said the Ministry would implement checks and balances to better monitor the movement of diesel through new administrative measures, as well as ensure that all locally registered fishing vessels now receive a certificate of compliance from the Ministry if they are to receive subsidised diesel.
Additionally, the Minister said diesel would now only be sold based on the size of the vessel’s engine and the Petroleum legislation will be amended at it related to “peddlers” —persons who buy fuel from NP and Unipet to sell on a large scale.
He said before the fuel is released the “authorised distributors” would have to present a purchase order to them Ministry and at the end of each month the Ministry would cross-check its records with that of Unipet and NP to ensure there are no breaches.
Stay tuned to JAYBLESSED.com for more info of those involved in the diesel racketeering scandal!
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