The Neal and Massy subsidiary DOCOL is aiming to reduce the price of a 9kg cylinder of Texgas below $3,000 according to Group Chief Executive Officer Deo Persaud.
Speaking on November 5th at the commissioning ceremony for DOCOL’s new liquefied gas filling plant Persaud said that while the recent drop in world market prices for fuel had pushed the price of the 9kg cylinder of Texgas down from $3,750 to $3,200 the company was continuing its negotiations with Trinidad and Tobago suppliers Chevron in an effort to secure even further price reductions. ”We shall continue to work closely with Chevron for further reductions and shall also pass on reduced costs achieved from efficiencies with our new plant to our customers,” Persaud told the commissioning ceremony.
The new plant, according to Persaud is the most modern of its kind in the Caribbean
News that the price of the 9kg cylinder of cooking gas- the most popular size in domestic use in Guyana – could come down below $3,000 is likely to be welcomed by consumers and Persaud told the commissioning ceremony that DOCOL’s new gas filling plant will further benefit consumers by ensuring 100 per cent filling accuracy. Persaud said that while the acquisition of the new plant signaled the company’s determination to acquire assets that would allow it to compete more effectively and more profitably on the local market, both DOCOL and its parent company were also concerned about creating conditions that would enhance standards and further assure health and safety at the workplace.
“Our modus operandi here at DOCOL, because of the nature of the products we manufacture, store, package and distribute, has, out of necessity, to be different from many other distribution companies in Guy-ana as greater emphasis has to be placed on health, safety, security and environmental issues…” Persaud said.
Meanwhile, according to Persaud DOCOL has benefited from a series of both local and external health and safety audits as part of the company’s focus on keeping the industry safe.
According to the Group Chief Executive Officer DOCOL has been audited “on all of its major external audits, including a plant audit done by Chevron, DOCOL’s principal for the supply of Texgas. During the current financial year the company also underwent an Industrial Gas Plant audit done by IGL, its sister company in Trinidad, and Tobago. Additionally, DOCOL has benefitted from an electrical audit done by an Associate member of Trinidad & Tobago Board of Engineering.
Persaud said that audits of DOCOL’s operations have also been completed by the Ministry of Labour and the Guyana Fire Service.
