The Ministry of Housing and Urban Development will begin construction of a $4 million Drag Mall in the capital city next year, Housing Minister Edmund Dillon said during yesterday’s Standing Finance Committee session in Parliament.
He made the comment in response to questions from Opposition MP Dr Roodal Moonilal on plans for the “development and management of a property” at 43 Independence Square, Port-of-Spain.
Dillon said the property was referred to as the “Drag Mall,” which is located next to New City Mall.
The savings motorists are experiencing by filling their tanks with fishing boat fuel may well eventually backfire, as mechanics are warning that prolonged use of regular fuel will cause engines to malfunction.
The sale of regular gasoline, which is used by fishermen, has been increasing since Government raised the price of super at the pumps from $3.97 per litre to $4.97 in the 2019 Budget.
Feeling the pinch from the increased cost of Super gasoline, scores of motorists are flocking to the Carousel Service Station in San Fernando to fill their tanks with Regular gasoline, commonly sold as fuel for fishing boats.
Regular gas, which has an 87 Research Octane Number (RON), is a lower grade than Super gasoline (92 RON) and Premium gasoline (95 RON).
Not many motorists filling their tanks seem to be concerned with the octane levels of the fuel but rather the drastic price difference.
The notion that every Petrotrin employee will go home with hundreds of thousands of dollars is a fallacy, according to several workers who have already collected their termination letters.
Employees said yesterday that their separation payments cannot last any significant time, as they have outstanding loan and mortgage payments leading up to their retirement.
The NGC CNG Company says it will sponsor the conversion of 1,000 taxis and maxi taxis from gasoline to CNG from January 2019.
In a statement issued Monday, the company said this promotion follows a highly successful, fully-subscribed tranche of conversions in June and July 2018, where 500 taxi and 180 maxi taxi owners were offered sponsored conversions on a first-come, first-served basis.
Successful applicants are currently being converted by government-approved licensed converters.
Petrotrin is no more. The two companies coming out of the defunct State enterprise are Heritage Petroleum Company and Paria Fuel Trading Company.
Heritage Petroleum is the new exploration company while Paria Fuel Trading will handle fuel logistics and the energy trading aspect of the business.
The company began its roll out of the new companies even as the matter of its injunction appeal is still to be substantively read out in the Court of Appeal.
The Industrial Court sanctioned injunction had been lifted for just one week last Wednesday.