By Sue-Ann Wayow
THE survival of each gas station in this country depends on a pricing strategy that will allow operators to cover their operating costs.
This is according to Unipet, one of the country’s largest fuel distributors.
The company stated that more information was needed on how the increased fuel prices announced last Friday will impact the country’s daily operations.
In a press release over the weekend, Unipet stated, “Unipet understands the hard decisions which the government has had to make about fuel prices and the wider impact it can have on our economy. In July 2020, the petroleum sector was given a margin increase which helped us survive, but it has been difficult. Increased prices without margin adjustments will affect our viability.
We anxiously await the Gazetted document to understand how this increase will impact our daily operations. That is the detail that will determine the future survival of all our dealers and ensure that our gas stations remain open for business.”
Unipet stated that it was understood that hydrocarbons will continue to be the primary transportation fuel in the immediate future, it has been leading in the implementation of alternative energy sources and has already begun the transition towards renewable green energy.
“Our greatest hope is that the government has considered our recommendations for the implementation of a different pricing model which will ensure that the market operates in the best interest of everyone, particularly our customers and consumers. The survival of each gas station in this country depends on a pricing strategy that will allow operators to cover their operating costs,” the company stated.
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