Wednesday, February 1, 2023

DACO Blasted for not Publishing Wholesale Gasoline Prices

By on January 11, 2016

SAN JUAN – The president of the Gasoline Retailers Association, Luis Sepúlveda, accused the Consumer Affairs Department (DACO by its Spanish acronym) of abandoning the practice of publishing the gasoline price imposed by wholesalers.

Sepúlveda said that due to the action, retailers decided to conduct a survey to publish the price of gasoline themselves.

“I guess [DACO] got a lot of pressure from wholesalers,” Sepúlveda said in a WSKN-radio interview, noting that the prices had not been published since June.

He said that, “at that time, the liter went up one cent, and as soon as we organized ourselves and published the price, it dropped a penny.”

DACO Secretary Nery Adames denied it was the wholesalers and said it was Antitrust Affairs Office advisers who presented an objection to the practice.

“We took down that page because the Antitrust Affairs Office said it was not a good practice to be showing the prices of wholesale competitors,” Adames explained, while assuring that, “because of that advice, guidance and consulting from the Antitrust Affairs Office, DACO took the information from the webpage down.”

Adames said consumers are not interested in knowing the pricing between wholesalers and instead “care about at how much retailers are selling,” adding that DACO provides that information on its website.

By Inter News Service

You must be logged in to post a comment Login