Unipet starts flag protest

A statement issued by Unipet Chief Executive Officer, Dexter Riley, said that in 2015 the Government implemented a 200 percent increase in the Business Levy and Green Fund Levy and these levies have made the industry unsustainable and put many stations into losses.

It states that over the past nine months Unipet and others in the industry have been making representations to the Ministry of Energy and Energy Affairs for a revision of the 2005 margins but these requests have so far not resulted in any positive responses.

According to the statement, at the recently concluded Energy Conference, Unipet’s Chairman said “the industry profit declined by $37 million and losses have been continuously incurred”.

Unipet said it is committed to supporting the government in any effort to modernise the industry and bring its operations in line with international best practices but this can only be achieved if the industry is sustainable and not allowed to collapse due to neglect and inadequate margins.