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Thursday, 27 October 2016 17:29

(GMTT) Former Energy Minister On Cash Only Stance At Gas Stations

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The petroleum dealers' cash only stance at gas stations may have arisen out of the increase in the Business Levy and the Green Fund Levy. So says former Energy Minister Kevin Ramnarine.

Ramnarine says dealers profitability are "wafer thin/negative" and that dealers are looking at ways to cut costs and keep their businesses open. He says the dealers' profit margins have not changed in almost 12 years.

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