Tag Archives: Fuel

SEE: Global fuel prices – Here’s how much Southern African countries are paying for petrol


Following a fuel price hike in January we take a look at the price of petrol in neighbouring African countries.

We may be neighbours but Southern African countries have different experiences at filling stations especially when it comes to price and supply of fuel.

SEE: These countries have the cheapest fuel prices in the world

Zimbabweans continue to reel from exorbitant fuel prices as a lack of supply sent the price of petrol sky-rocketing.

Here’s how much SADC Countries are paying for petrol:

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Haiti’s fuel shortage: No US$, no gas!


By Youri Kemp
Caribbean News Now associate editor
youri@caribbeannewsnow.com

PORT AU-PRINCE, Haiti — The upheaval in Haiti never fully subsided after the protests of 2018 created by the government’s failed attempt to remove a fuel price subsidy as recommended by the International Monetary-Fund (IMF), which was extended and subsequently made worse by the loss of the PetroCaribe subsidised oil agreement due to the current political and economic turmoil engulfing the supplier, namely, Venezuela’s state owned oil company, Petroleos de Venezuela SA (PDVSA), and what seems to be an end to the agreement for the Caribbean by PDVSA and the Venezuelan government.

Prior to the apparent full scale collapse of the PetroCaribe oil agreement signalled at the end of November 2018,…

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Venezuela files WTO dispute against Colombia over fuel restrictions


By Youri Kemp
Caribbean News Now associate editor
youri@caribbeannewsnow.com

GENEVA, Switzerland — The Venezuelan government has initiated the World Trade Organisation’s (WTO) dispute settlement mechanisms against neighbouring Colombia over restrictions Colombia has placed on liquid fuel from Venezuela.

Venezuela claims the measures concerning liquid fuel distribution and licensing, surcharges on products, market access and product quotation policies appear to be inconsistent with provisions under the WTO’s General Agreement on Tariffs and Trade (GATT) 1994.

The dispute settlement application filed by Venezuela on January 9, 2019, and published by the WTO on January 14, states that several measures that the Colombian government had put in place, and in fact some of the…

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Parkland Completes Acquisition of 75% of the Shares of Sol Investment Limited, the Largest Independent Fuel Markete…


CALGARY, Alberta, Jan. 08, 2019 (GLOBE NEWSWIRE) — Parkland Fuel Corporation (“Parkland”) (TSX:PKI), a leading convenience store operator and one of the fastest growing independent marketers of fuel and petroleum products in the Americas, today announced the closing of its acquisition of 75% of the shares of Sol Investments Limited (“SIL” and together with its subsidiaries “Sol”). Sol is the largest independent marketer and supplier of petroleum products in the Caribbean, operating in 23 jurisdictions. As expected, this close enables Sol to effectively contribute to Parkland’s earnings for the full calendar year of 2019. Parkland will update its guidance for 2019 when it discloses its year-end results for 2018.

“The opportunity to expand to a new geography and market…

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Caribbean Business – Parkland Completes Acquisition of the Largest Independent Fuel Marketer in the Caribbean


News Americas, CALGARY, Alberta, Jan. 08, 2019: Parkland Fuel Corporation (“Parkland”) (TSX:PKI), a leading convenience store operator and one of the fastest growing independent marketers of fuel and petroleum products in the Americas, today announced the closing of its acquisition of 75% of the shares of Sol Investments Limited (“SIL” and together with its subsidiaries “Sol”). Sol is the largest independent marketer and supplier of petroleum products in the Caribbean, operating in 23 jurisdictions. As expected, this close enables Sol to effectively contribute to Parkland’s earnings for the full calendar year of 2019. Parkland will update its guidance for 2019 when it discloses its year-end results for 2018.

“The opportunity to expand to a new geography and…

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Caribbean group suspends fuel import tariff



The decommissioning of an oil refinery in Trinidad and Tobago has prompted regional trade group Caricom to waive duties on refined oil products …
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