NGC, CNG, Scotiabank sign fleet card agreement

The fuel card-accessible incentives were announced on Wednesday in a joint statement issued by the NGC CNG Company Limited (NGC CNG) and Scotiabank .

The person whose name is on the vehicle’s certified copy of ownership will receive the following incentives: taxis - $5,000 in free CNG; maxi taxis - up to $30,000; and school buses up to $7,500 .

NGC CNG explained that upon conversion of their diesel or gasoline powered vehicles, owners can apply to the company for a fuel card, “And once successful, a Scotiabank Fleet Card with the prescribed value will be issued.” The company said it expects to issue up to 15,000 fleet fuel cards over the next two years, as well as have 30 CNG supply points available, by the end of 2018 .

NGC CNG president Curtis Mohammed, commenting on the June 8 signing, said the fuel card is key to increasing demand for CNG in Trinidad and Tobago. “This agreement represent one of the foundation elements of our programs and now that we have signed, it’s a big step towards rolling out the incentives to the hundreds of drivers who we know will switch over to CNG.” Scotiabank managing director Anya Schnoor also spoke about the benefits of having such an agreement in place. “CNG is a more environmentally friendly fuel, producing less undesirable gases that pollute the atmosphere. This partnership with NGC CNG is one of the ways Scotiabank is supporting its belief that every customer has the right to become better off.” Schnoor added that through the bank’s support of this initiative, “We are helping customers live in a better world, one that is less polluted and more environmentally conscious. Scotiabank remains deeply committed to playing a role in the shift towards a greener future.” The Scotiabank Fleet Card is a debit card for vehicles issued solely by Manufacturers Credit & Information Services on behalf of Scotiabank Trinidad and Tobago Limited. It is a magnetic card embossed and encoded with vehicle data and used on Point of Sale (POS) terminals located at Fleet Card merchants for the payment of fuel and automotive services .

The Scotiabank Fleet Card service was introduced to Trinidad and Tobago in 2001 with the first transaction being processed at NP Morvant .