Paria Fuel Trading Company Limited and UNIPET on Monday signed a Settlement Agreement that would allow Paria to immediately resume the supply of fuel to UNIPET.

In a media release Paria Fuel said representatives of the two companies met, and UNIPET agreed to pay all outstanding debts and to withdraw its High Court action.

It explained that both parties will continue to work together to ensure a new Supply Agreement is in place from January 01, 2020.

The release notes that supply of fuel to UNIPET resumed at 5.00 p.m. on Monday.