Gas dealers look to cut costs
KINGSTON — Gasoline retailers are moving to institute a number of cost-cutting measures including converting to self-service operations in efforts to save their businesses.
Yesterday members of the Jamaica Gasolene Retailers Association held an emergency meeting amid concerns that about nine retailers are either out of business or are on the brink of failure due to financial challenges.
President of the JGRA Trevor Heaven said the retailers have agreed to stop accepting credit cards for fuel sales, as the bank charges are sometimes higher than their profit margins.
But he said the retailers would continue to accept debit cards as well as the NCB Keycard.
Heaven said retailers would also be looking to move towards having more self-service operations:
Heaven added the association would be seeking to have the government fast-track amendments to the weights and measures legislation, which would address issues of shrinkage due to temperature changes.
And he said the association’s members would also be negotiating with the various marketing companies to have a more equitable split of the earnings from fuel sales. (Gleaner)