T&T could lose CARICOM market for fuel

T&T faces the possibility of losing CARICOM markets for the export of fuel as the price of fuel coming out of T&T is likely to increase. Minister of Energy Franklin Khan told the Senate yesterday that CARICOM countries now have the option of sourcing their products on the open market. He said Petrotrin still has the ability to supply small cargoes, including aviation fuel, to small CARICOM countries that gives it a strategic advantage. However, with a change in the business model and Petrotrin having to import products from outside of the CARICOM region, there is a possibility of increases in prices.

(Source: The Guardian)