Gas prices in Trinidad & Tobago

[EmilioA]

Subsidy reduction is warranted. The issue is every single Government made only token attempts when it should have been close to zero today. Now when we are in a bind, it will have to be cut hard, and kantish, greedy ,selfish Trinbagonians who can't seem to see past their facking noses will raise everything disproportionately.

The problem is that business people doh like to cut they profits. So they going to pass on that increase to the consumer the same way the use the VAT decrease to increase they prices. It go be the salaried class that paying for everybody else gasoline and diesel bills because they cant charge anybody else for anything.

[pjfred]

I think they should increase price on alcohol and smokes by 300%. To return some revenue. Stop cepep, waste ah time and bring back hanging. They stopped hanging cause the guilty was predominantly a particular race. Save tax payers money, bring back the noose! Stop carnival!

[Chimera]

They should tax fast food very heavy.

[redmanjp]

I think they should increase price on alcohol and smokes by 300%. To return some revenue. Stop cepep, waste ah time and bring back hanging. They stopped hanging cause the guilty was predominantly a particular race. Save tax payers money, bring back the noose! Stop carnival!

well carnival is still a source of revenue & forex

they need to subsidize CNG kits!

[cherrypopper]

They should tax fast food very heavy.

A kfc tax will rake in millions

[eurogirl]

They should tax fast food very heavy.

A kfc tax will rake in millions

What defines fast food in trinidad ?


Local fast food ( small food places , cornsoup vendors , fish fryers , local chicken n chips )

or international brands ?

Rem we have local fast food outlets eh .. which will not survive heavy taxation ..

[*$kїđž!™]

Car sales industry gonna hurt also......foreign used already getting mash up....

[Chimera]

Tax everybody mc

[jm3]

looks like the fun is over

[EFFECTIC DESIGNS]

If they removing this they need to remove it all in 1 shot. Let people cuss and complain for 2 weeks and raise everything in 1 price hike.

In this country when you raise in small increments everybody raise in large increments totaling a massive increase because of how greedy people are in this place.

[EFFECTIC DESIGNS]

Its funny how they eh raise tax on cigarette and rum but taxing basic food, computers and books for kids.

I doh hear the red and ready people on facebook everybody gone red and hungry now.

[S_2NR]

It's troubling how every few weeks is some bad news from Pee oN eM
I wonder what April has in store. GATE cut perhaps...

[EFFECTIC DESIGNS]

It's troubling how every few weeks is some bad news from Pee oN eM
I wonder what April has in store. GATE cut perhaps...

I mean I don't think I attacked this govt a single time since they won the election I believe I defended them on every single thing minus the computer tax.

But when I look at the picture now, how they are just leaving things like alcohol and cigarette prices the same, nonsense garbage that nobody needs to survive and instead attack school books and basic food trying to cut school feeding program.

Most of them red and ready people now red and hungry. People don't realize the kind of super poor people it has in this country I remember in high school there was this fella so malnourished he only came to school to get a box lunch because there was no food at home he ate one time a day. I used to take a box and give him so he can have a good meal to last him till the next day. He couldn't go home with it no fridge to put it in.

But PNM not studying these things, they don't get how poor people really are in this country. They raising prices of food, educational tools like computers and books. And not even a cent raise on cigarette and rum. Those are the first 2 things they supposed to be taxing.

You would think their supporters must be smokers and drunks. I really eh know in this place again nah boy. But sheit about to get real, real real. If you feel man red and hungry now you eh see nothing yet. The sh!t eh hit the fan yet pander but a big load coming when that hit we go be brown and ready.

[zoom rader]

Its funny how they eh raise tax on cigarette and rum but taxing basic food, computers and books for kids.

I doh hear the red and ready people on facebook everybody gone red and hungry now.

Those are the very same ppl that fund the PNM. You don't bite the hands that feeds you

[EFFECTIC DESIGNS]

^ So now look where we stand, I don't fault the government on doing what everyother country has to do in a time like this. But its unforgivable what they are doing they are purposely encouraging the wine fete and jam mentality by keeping the rum and cigarette prices low while attacking the children.

The minister of finance has a sort of repulsive grin on his face as if he is proud of what he is doing. He takes pleasure in torturing the poor you can see it in his face, he is very happy that he can bring down as much as he can now those who had it too easy under the PP.

But the truth be told he only spiting he own PNM people, not me, I plant my own food luckily.

[bluesclues]

So what is the unsubsidized price for fuel?

Sent from my C6603 using Tapatalk

right now ave gas price in the US is US$1.80/gallon which is 1.80 /3.78541178 = 0.4755/litre

http://www.gasbuddy.com/GasPriceMap?z=4

US$0.4755 *6.6 = TT$3.14

so if they removing the subsidy they better link it to the actual gas price (well while it low). However it go be trouble when it eventually goes back up so it should be temporary

they should also subsidize CNG conversion and ramp up deployment of CNG stations before

my $0.02

The honda city intentions are evident.

[Pablo660]

So if and when they remove fuel subsidies, a taxi from POS to sando will be like $50 or even $100 ?
People who travel will have to rely on bus if bus tickets don't rise as well.
Cost of transportation for goods will rise also resulting in we the cun#sumer paying more again

Anyone knows what is the current subsidy percent, because if the cost of oil and gas down the subsidies should not be high but when it goes back up , the price of oil and gas that is, we will dead!!

Also if we paying full price we should get top quality fuel not this low grade diesel n gas we get at the pumps too!

Remove subsidy will cause price to go up regardless even if fuel stays the same just like VAT because of greed

We go dead or kill we self trying

[janfar]

Remove the subsidy and allow other companies to supply the market with fuel. That should keep the market honest.

[janfar]

Read and hush allyuh kant


Without subsidies, gas prices are likely to rise 40 to 64 per cent.
While Finance Minister Colm Imbert’s plan is to remove the fuel subsidy but only gradually, without said subsidy, the prices of super and diesel fuel would rise between 40 and 64 per cent, according to Express Business calcula­tions using the latest available ex-refinery versus at-the-pump prices.
“I intend to commence a national discussion on fuel prices in my statement to
Par­liament on April 8, with a view to gradually removing the subsidy,” Imbert clarified in response to an SMS text query on Monday.
As the price of crude oil, Petrotrin refinery’s rising operating costs, distribution and market­ing all factor into the prices of gasoline and diesel, the subsidy varies with international prices and local demand.
Premium upped by 44%.

However, speeches and
presentations by former finance minister Larry Howai in Parliament in 2012 and former Petrotrin vice-president for refining Mado Bachan in 2014 show that ex-refinery prices for premium gasoline have varied between $2.53 per litre, when oil was trading for around US$44 per barrel in 2009, and $5.84 per litre, when oil was trading for around US$86 per barrel in 2012.
When the price of premium gasoline was hiked and the nation was told it was no longer subsidised, it was raised by about 44 per cent, from $4 per litre to 5.75 per litre.
Another presenta­­tion, from The Univer­sity of the West Indies’ (The UWI) Revenue Ma­nage­ment in Hydrocarbon Eco­nomies Conference in 2012 showed premium gasoline was subsidised by about 15 per cent; super by about 40 per cent; and diesel by about 64 per cent. When the subsidy is removed, assuming oil prices and Petrotrin refining costs stay within the range it has been between 2012 and now, the price of super, now $3.11 per litre, could increase by 40 per cent, or $1.36, meaning a cost to the consumer of $4.47 per litre.
Diesel, meanwhile, could increase from $1.72 per litre now to $2.82 after the subsidy is removed.


http://www.trinidadexpress.com/20160322 ... ut-subsidy

[Allergic2BunnyEars]

Read and hush allyuh kant


Without subsidies, gas prices are likely to rise 40 to 64 per cent.
While Finance Minister Colm Imbert’s plan is to remove the fuel subsidy but only gradually, without said subsidy, the prices of super and diesel fuel would rise between 40 and 64 per cent, according to Express Business calcula­tions using the latest available ex-refinery versus at-the-pump prices.
“I intend to commence a national discussion on fuel prices in my statement to
Par­liament on April 8, with a view to gradually removing the subsidy,” Imbert clarified in response to an SMS text query on Monday.
As the price of crude oil, Petrotrin refinery’s rising operating costs, distribution and market­ing all factor into the prices of gasoline and diesel, the subsidy varies with international prices and local demand.
Premium upped by 44%.

However, speeches and
presentations by former finance minister Larry Howai in Parliament in 2012 and former Petrotrin vice-president for refining Mado Bachan in 2014 show that ex-refinery prices for premium gasoline have varied between $2.53 per litre, when oil was trading for around US$44 per barrel in 2009, and $5.84 per litre, when oil was trading for around US$86 per barrel in 2012.
When the price of premium gasoline was hiked and the nation was told it was no longer subsidised, it was raised by about 44 per cent, from $4 per litre to 5.75 per litre.
Another presenta­­tion, from The Univer­sity of the West Indies’ (The UWI) Revenue Ma­nage­ment in Hydrocarbon Eco­nomies Conference in 2012 showed premium gasoline was subsidised by about 15 per cent; super by about 40 per cent; and diesel by about 64 per cent. When the subsidy is removed, assuming oil prices and Petrotrin refining costs stay within the range it has been between 2012 and now, the price of super, now $3.11 per litre, could increase by 40 per cent, or $1.36, meaning a cost to the consumer of $4.47 per litre.
Diesel, meanwhile, could increase from $1.72 per litre now to $2.82 after the subsidy is removed.


http://www.trinidadexpress.com/20160322 ... ut-subsidy

The idea behind the article is good but the figures are wrong. There is no way diesel is cheaper than super and premium when it is unsubsidized.

[janfar]

I thought we were trading diesel for toilet paper with Vene make it cheap as... well as cheap as toilet paper.

[BRZ]

NOW dey looking to fack around- leave we diesel alone nah.

Why dont they just Increase the FINES for road violations by 400% and actually ENFORCE them? I'm sure it will bring in more funding.
There should be Parking meters installed ALL ALONG woodbrooke streets and in all Dtown POS, Chaguanas and San Fernando.

And ill say it AGAIN... go after all those who OWN Multiple PROPERTIES that generate INCOME.......... tax them HEAVILY, even if they are in HOLDING COMPANIES...

Also Make it $ 3000.00 if you get wrecked! talk done , if you don't park illegally you cant vex.

[Allergic2BunnyEars]

I thought we were trading diesel for toilet paper with Vene make it cheap as... well as cheap as toilet paper.

[chillaxing]

Well its going to be fun owning a sports car or any gas gozzlers in the near future.

[BoostJunkieXL]

GREAT IS THE PNM !!!!

[RBphoto]

Oil prices low... so remove subsidy.. makes sense.

[dredman1]

Without subsidies, gas prices are likely to rise 40 to 64 per cent.
While Finance Minister Colm Imbert’s plan is to remove the fuel subsidy but only gradually, without said subsidy, the prices of super and diesel fuel would rise between 40 and 64 per cent, according to Express Business calcula­tions using the latest available ex-refinery versus at-the-pump prices.
“I intend to commence a national discussion on fuel prices in my statement to
Par­liament on April 8, with a view to gradually removing the subsidy,” Imbert clarified in response to an SMS text query on Monday.
As the price of crude oil, Petrotrin refinery’s rising operating costs, distribution and market­ing all factor into the prices of gasoline and diesel, the subsidy varies with international prices and local demand.
Premium upped by 44%.

However, speeches and presentations by former finance minister Larry Howai in Parliament in 2012 and former Petrotrin vice-president for refining Mado Bachan in 2014 show that ex-refinery prices for premium gasoline have varied between $2.53 per litre, when oil was trading for around US$44 per barrel in 2009, and $5.84 per litre, when oil was trading for around US$86 per barrel in 2012.
When the price of premium gasoline was hiked and the nation was told it was no longer subsidised, it was raised by about 44 per cent, from $4 per litre to 5.75 per litre.

Another presenta­­tion, from The Univer­sity of the West Indies’ (The UWI) Revenue Ma­nage­ment in Hydrocarbon Eco­nomies Conference in 2012 showed premium gasoline was subsidised by about 15 per cent; super by about 40 per cent; and diesel by about 64 per cent. When the subsidy is removed, assuming oil prices and Petrotrin refining costs stay within the range it has been between 2012 and now, the price of super, now $3.11 per litre, could increase by 40 per cent, or $1.36, meaning a cost to the consumer of $4.47 per litre.
Diesel, meanwhile, could increase from $1.72 per litre now to $2.82 after the subsidy is removed.


http://www.trinidadexpress.com/20160322 ... ut-subsidy

So has the subsidy on premium been removed or not? That Express article saying both

Or was the UWI study done in 2012 before the budget?

[sMASH]

Don't use them as daily drivers.

All this is just pretext to save us with a rapid rail. Rapid rail is pretext to take $55bn loan.

[cherrypopper]

Exactly.. the rapid rail will save us.. we are being buttered before toasted.

[Pirate]

Yup everything is to raise money for the rapid rail. And all the savings accrued will be gone after...