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Haiti - FLASH : Shortage of fuels or organized scarcity ?
30/08/2019 09:55:30

Haiti - FLASH : Shortage of fuels or organized scarcity ?
For more than a week, several gas stations in the Capital are closed for fuel lacks, others are besieged by interminable queues of automobiles and a large amount of motorcycle taxi in search of precious liquid, whose price keeps increasing and which will be sold to them after hours of waiting in limited quantity... In provinces the report is the same...

David Turnier, President of the National Association of Petroleum Distributors (ANADIPP) confirmed the situation "There is indeed a scarcity of petroleum products on the local market."

In question the Government owes more than 5 billion gourdes to the oil companies as reimbursement of the grant and with almost empty funds, the State is no longer able to meet its commitments https://www.haitilibre.com/en/news-27869-haiti-economy-the-government-is-no-longer-able-to-pay-its-debts-to-oil-companies.html

Last week, however, the government reimbursed companies just 30% of its debt (the equivalent of a month's subsidy). https://www.icihaiti.com/en/news-28580-icihaiti-economy-the-state-paid-less-than-30-of-its-debts-to-the-oil-companies.html

With a greatly reduced cash flow, the companies were forced to reduce the volume of their orders for funds. They had informed that in order to avoid a break in supply at the pump, rationing would be maintained until the arrival of new fuel ships. But they also warned that the supply at the pump will depend in the coming weeks on the ability of the Government to repay the companies and that if nothing is done to revise the prices at the pump and gradually eliminate this subsidy, the rupture supply could be total in the coming weeks...

Because of this scarcity, the price of the Gallon of gasoline which normally sells 224 Gourdes, is sold on the black market in certain zones up to 500 Gourdes (5.35 dollars per gallon at the rate of 93.41 Gdes for 1 dollar US, August 29).

See also :
https://www.icihaiti.com/en/news-28580-icihaiti-economy-the-state-paid-less-than-30-of-its-debts-to-the-oil-companies.html
https://www.haitilibre.com/en/news-28394-haiti-economy-the-government-owes-more-than-5-billion-gourdes-to-the-oil-companies.html
https://www.haitilibre.com/en/news-27869-haiti-economy-the-government-is-no-longer-able-to-pay-its-debts-to-oil-companies.html
https://www.haitilibre.com/en/news-27779-haiti-flash-imports-of-petroleum-products-new-endangered-in-the-country.html

SL/ HaitiLibre

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