Petronin, Union settlement puts end to panic buying of fuel
PORT-OF-SPAIN, Trinidad, Monday February 20, 2012 - Petronin and the Oilfields Workers’ Trade Union (OWTU) have reached a settlement bringing an end to panic buying at service stations across south and central Trinidad that threatened Carnival weekend.
As things returned to normal, motorists were able to fill their tanks without long delays from long lines or having to drive long distances to find an open gas station.
This follows panic buying Petrotrin workers threatened to strike over the weekend over failed salary negotiations, resulting in some gas stations running out of fuel and closing their doors.
With just 24 hours to go before the planned strike a nine per cent wage deal was reached between the two parties, up from the original five per cent originally put on the table by Petrotrin, and down from the 75 per cent sought by the OWTU.
However, all is back on track once again with service stations having adequate supplies of gasoline and diesel.