Latest update December 19th, 2024 3:22 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

GUYOIL fuel dealers suffer more losses

Jun 03, 2014 News

…as company runs out of fuel  

The state-run Guyana Oil Company (GUYOIL) has done it again; it is out of fuel and its private agents are obviously angry.
For almost five days now the company has been unable to supply fuel to its agents mostly on East and West Coast Demerara as well as certain parts of Berbice.
And since the agents are contractually prohibited from sourcing fuel from other companies, their businesses have ground to a halt until GUYOIL can fulfill its obligations and resume the fuel supply.
With overhead expenses already eating up a major chunk of their returns on fuel sales, the private GUYOIL dealers are staring at huge losses that could force them to send home staff in the long term.
The dealers make a paltry six to seven dollars on a litre of gasoline. They depend on a significant volume of sales to just break even with their investment and expenses.
Over the past weekend, there were “no gas” signs at several privately operated GUYOIL Service Stations along East Coast Demerara, and according to some of the dealers, the situation is the same in other parts of the country.
And according to well placed sources, this is not the first and will not be the last time that the situation will occur unless the management of the company is reorganized.
The dealers who were contacted by Kaieteur News were reluctant to go public with their complaints, in fear of victimisation from the company.
However, they did indicate that their queries to the company are being met with all kinds of excuses-”The boat is late”, “Refinery break down”, “Boat did not come in”.
While it is hurting the pockets of the private dealers, the situation is not affecting the GUYOIL operated service stations.
Once again the dealers are laying the blame squarely on the mismanagement of the company.
“If you don’t order fuel on time, how do you expect it to reach her on time? And then they want to blame the boat,” one of the affected dealers declared.
Kaieteur News understands that since the beginning of the year, GUYOIL was rationing the fuel sold to the private dealers–giving them 8000 gallons per week.
Another dealer lamented the fact that their attempts to meet with the management of the company over the situation have been futile.
“Before, the dealers could have arranged meetings with the management, now they don’t even want to talk to us on the phone,” the dealer stated.
This newspaper was also unsuccessful when it tried to contact the Managing Director of the company.
On two occasions the reporter was told that the Managing Director was not available, although the nature of the query was disclosed.
“The President has to know about what is happening. We are investing millions of dollars in Guyana and this is the reception we are getting. Other fuel dealers who are sullied by other companies are always in business while we and our staff have to suffer,” the disgruntled GUYOIL dealer stated.
He explained that because of the lack of sales and the high licence fees they have to pay, the private dealers cannot increase the wages of their remaining staff so that they could keep up with the rising cost of living.

Similar Articles

The Glenn Lall Show | December, 2nd, 2024

Follow on Tik Tok @Glennlall

 

THE BLUNT OF THE DAY

Sports

Thomas’ hat-trick inspires D.C Caesar Fox 10-5 victory, as Annai Sec’ hammer Dolphin

Thomas’ hat-trick inspires D.C Caesar Fox 10-5 victory, as Annai...

Dec 19, 2024

Fifth Annual KFC Goodwill Int’l Football Series Kaieteur Sports-The 2024 KFC Under-18 International Goodwill Football Series, which is coordinated by the Petra Organisation, continued yesterday at...
Read More
Stabroek Ballers, Sparta Boss, Bent Street ‘B’, North East & Unstoppable advance

Stabroek Ballers, Sparta Boss, Bent Street...

Dec 19, 2024

West Indies Falter in Disheartening Series Loss to Bangladesh

West Indies Falter in Disheartening Series Loss...

Dec 19, 2024

Trophy Stall hands over trophies for Kennard Memorial Turf Club Boxing Day Horse Race meet

Trophy Stall hands over trophies for Kennard...

Dec 19, 2024

Omari Glasgow, carrying the hopes and dreams of a Nation to the MLS

Omari Glasgow, carrying the hopes and dreams of a...

Dec 19, 2024

GCF eyeing growth across other regions in 2025 following successful Inter-Schools tournament 

GCF eyeing growth across other regions in 2025...

Dec 19, 2024

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]