RUBIS Dominica suspends fuel sales to customers due to ‘significant financial losses’

Rubis gas station

RUBIS West Indies Limited, Dominica (RUBIS Dominica) announces the suspension of fuel sales to its customers, following significant financial losses incurred since entering Dominica in 2011 and which have accrued at an even greater pace for the past six years. These losses are due to highly unfavourable mandated fuel prices, which are below the true importation value of fuel.

A similar action had been announced by RUBIS Dominica in 2021. However, at that time, the Government of Dominica agreed to implement some changes to the regulated prices aimed at partially restoring the profitability of the fuel distribution business in this market, with further actions promised for the first quarter of 2022. Unfortunately, the Government of Dominica has not taken any further actions to restore the profitability of the fuel distribution business and RUBIS Dominica has continued to incur significant losses as a result. Regrettably, the regulated fuel prices
that have been in effect for most of 2022 continue to be substantially below the true cost of importing fuels and therefore, petroleum products are heavily subsidized by RUBIS and other fuel importers.

RUBIS Dominica will continue to engage with the Ministry of Trade, Commerce, Entrepreneurship, Innovation, Business, and Export Development to seek the implementation of a regulated pricing structure that would reflect the true cost of
importing fuels into Dominica and would generate a reasonable return on the fuel distribution investments in the country. RUBIS Dominica will resume fuel sales when such a price structure is implemented.

RUBIS Dominica wishes to clarify that it has allowed its retailers to continue to sell fuel to the driving public at RUBIS Service Stations through our fuel dispensing equipment. However, as the fuel will no longer be supplied by RUBIS Dominica during this period of suspension, we cannot guarantee that fuel sold at our branded stations will be of the
same quality as our Ultra Tec fuel.

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15 Comments

  1. derp
    September 15, 2022

    Ok, now the government should take over all the service/gas stations of Rubis and then turn them into supercharging stations for Tesla vehicles and import those vehicles and sell them to the general public, dollar for dollar if they really care about the ‘nature’ island’ and limiting pollution and keeping the country green… hahaha

    • Michael James
      September 17, 2022

      So how will the electricity be generated to power those electric cars? Does this suggestion make any sense?

  2. Interested
    September 15, 2022

    So RUBIS says that they are selling gas at a loss so they decide to suspend gas sales. Yet, they still remain open and are selling diesel only. Does that mean that they are making money on diesel sales, to me if you are making a loss overall then you close down totally. By selling diesel means you are satisfied with the profit you are making.
    Very confusing eh

    Hot debate. What do you think? Thumb up 1 Thumb down 8
    • Toto
      September 16, 2022

      Read carefully my boy, Rubis says that fuel will no longer be supplied by Rubis Dominica but the pumps will still be in use. I can only think they made an arrangement with somebody else to operate the stations and make them pay a rent for it, something like that anyway.

      Well-loved. Like or Dislike: Thumb up 5 Thumb down 1
  3. Max
    September 15, 2022

    Royal Bank of Canada, First Caribbean Bank, Rubis – companies that have pulled out of Dominica under the Skerrit administration.

    Well-loved. Like or Dislike: Thumb up 10 Thumb down 0
  4. Lin clown
    September 15, 2022

    Waiting to see what the likes if IBO,L C Mathew,Bwa and Gramoxone Francisco-DOG Is going to post on DNO.I also wonder what they would say if, like RUBIS the other companies decide to suspend sales to customers for 1 week.

    Hot debate. What do you think? Thumb up 1 Thumb down 24
  5. Pipo
    September 15, 2022

    PDVSA from Venezuela supplies Domlec with the fuel for its generators but I understand this is “heavy” diesel and very sulphur rich which is not good for the environment and problematic for the passenger vehicles and the buses we use. It certainly is not a good advertisement for the clean image we want to portray for our nature island. The pollution in Roseau would be certain to increase.

    Well-loved. Like or Dislike: Thumb up 15 Thumb down 0
  6. Ibo France
    September 15, 2022

    I listened Roosevelt’s lame attempt to assuage the fears of Dominicans in light of precipitous situation concerning the future supply of fuel to the country.I was reminded of the primary reason why Dominica is disintegrating econo.ically, socially and politically.

    Without a prepared script given to him to rehearsed numerous times, the man sounds like a bumbling illiterate. I was counting the number of times e used ‘arm’. When I reached thirty nine (39) I lost count.

    Dominicans, is this the incoherent embarrassment that should be shepherding the country in these tumultuous times?

    Dominicans, we need a captain of great acumen and acuity to pilot the ship to safe harbour in these times of turbulent, economic storms.

    Well-loved. Like or Dislike: Thumb up 13 Thumb down 1
  7. Ibo France
    September 15, 2022

    RUBIS has been negotiating with the Roosevelt administration for well over a year without even a glimmer of success. The company has reached its wits end. Who can blame the management?

    Not only the importers of fuel but every sector in Dominica is adversely affected by Roosevelt’s lies, intransigence and gross incompetence. The farmers, nurses, teachers, local contractors, bus drivers, truckers are casualties of one man’s conceit and ‘dunceness’.

    The vast majority of Dominicans NEVER be able too raise their sub-par standard of living unless Roosevelt and his cabal of sins are eradicated from the political landscape of Dominica.

    Well-loved. Like or Dislike: Thumb up 12 Thumb down 1
  8. If we knew better
    September 15, 2022

    Can we get a break? What is really going on here??

    Well-loved. Like or Dislike: Thumb up 7 Thumb down 0
  9. Trouble I see
    September 15, 2022

    So is the government of Skerrit that screwing us up all around with that Rubies thing then? I don’t know any Rubies station on island that is not owned and operated by very close friends of Skerrit and the DLP. Man look trouble

  10. Tt
    September 15, 2022

    “Shocking!” Well the truth is stranger than fiction as they say.

  11. botowa
    September 15, 2022

    What about we getting our oil from Venezuela…its much cheaper. Why follow the US when they have over 6Billion ordering from Russia while they tell the world to sanction Russia when they havent?

    Hot debate. What do you think? Thumb up 0 Thumb down 9
  12. Mark
    September 15, 2022

    The other fuel suppliers don’t appear to be having any issues with pricing therefore maybe the time has come to get rid of RUBIS and bring in a more efficient company.
    The press release is quite vague and lacks details so we don’t really know whether the problem is with government or RUBIS.

    Hot debate. What do you think? Thumb up 3 Thumb down 13

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