Subsidy Verification Unit (SVU)
Internal studies conducted by the Ministry of Energy and Energy Industries revealed that the usage of subsidised fuels and the government expenditure on the subsidy had increased exponentially over three years prior to 2012. Data collected from the study also suggested that most of the additional usage was not for the purpose originally intended.
Under the Petroleum Production Levy and Subsidy Act the role of the MEEI is to monitor all subsidy claims on behalf of the Government to ensure that only those consumers who are legitimately approved can access the subsidized fuel.
As a result, the Subsidy Verification Unit (SVU) was established in March 2012. Its purpose is to implement measures to increase the efficiency of the monitoring of the diesel supply chain and verify the accuracy of the monthly Subsidy Claims submitted to the Ministry of Energy and Energy Industries.
The mission of the Subsidy Verification Unit (SVU) is to audit, monitor and regulate the sale of subsidised fuel in Trinidad and Tobago, with the intent to increase the efficiency of the diesel supply chain.