Ramnarine made the point at the post cabinet media briefing. "One has to accept that there is a cost to any industrial action like this," he said, noting that the energy company is at "a very delicate point," as it tries to stay profitable following heavy losses in 2009.
The minister said Petrotrin is the process of implementing several projects to achieve that objective and a strike at this time would only have a negative impact on it.
“There was never a good time for industrial action in the oil industry because of the nature of he industry...There is going to be an impact on Petrotrin’s bottom line," Ramnarine said.
“There was never a good time for industrial action in the oil industry because of the nature of he industry...There is going to be an impact on Petrotrin’s bottom line," Ramnarine said.
He added that Petrotrin is "one of the major taxpayers in the country, so there is expected to be a concomitant impact on the taxes they pay if there is an impact on the company’s output."
Ramnarine also spoke about fuel supplies. He explained that the Government, Petrotrin, National Petroleum Marketing Co (NP) and Unipet are doing all they could to ensure there was minimal disruption and inconvenience to the public during the strike, which is set to begin on Saturday.
He said the country has imported fuel before and is ready to buy from foreign sources if that becomes necessary.
He said the country has imported fuel before and is ready to buy from foreign sources if that becomes necessary.
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