Latest update April 25th, 2024 12:59 AM
Jun 29, 2015 News
The Government must cease the retailing of fuel and allow for more privatisation of Gas Stations in Guyana. This is the view and of former President of the Petrol Dealers Association (PDA), Steve Chung, who said that the country must demonstrate that it is operating as a free market economy.
In a statement to the media, the former President said that it in order for the country to encourage foreign investors, there must be a level playing field in Guyana’s fuel market.
According to Chung, the government is currently controlling gas prices by retailing the products.
“It is not wise for the government to say that they are to encourage foreign investors while they are doing things to discourage the investors by aiding unfair competition,” the statement read.
In addition to “levelling the playing field”, Chung said that the Petrol Dealers Association would like the new administration to set up a regulatory body to look into different contracts put out by “Petroleum Company to dealers”. This he said will ensure fair contracts between the company and the dealers.
Chung said that the PDA believes there should be a law which protects dealers from the “uncouth” behaviour of oil companies, rather than subjecting dealers to unstable contracts.
Additionally, he said that the PDA is asking the present government to look into the “unfair” bargaining practices the association experiences so as to ensure dealers make a proper profit.
“I am appealing to all the retailers of fuel in this country to let us get together and get back our association in a formable and respectable organisation,” said Chung.
The statement also proposed that future service stations should be set up on a zoning basis rather than at random points around the country.
Jagdeo giving Exxon 102 cent to collect 2 cent.
Apr 25, 2024
By Rawle Toney Kaieteur Sports – The French Diplomatic Office in Guyana, in collaboration with the Guyana Olympic Association and UNICEF, hosted an exhibition on Tuesday evening at the...Kaieteur News – Dr. Bharrat Jagdeo, the General Secretary of the People’s Progressive Party, persists in offering... more
By Sir Ronald Sanders Waterfalls Magazine – On April 10, the Permanent Council of the Organization of American States... more
Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]