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Statistics Institute Approves Resolution Ordering DACO to publish gasoline wholesaler prices

By on January 20, 2016

The Puerto Rico Statistics Institute’s (PRSI) board and Executive Director Mario Marazzi-Santiago announced Wednesday the approval of a resolution that orders the Consumer Affairs Department (DACO by its Spanish acronym) to reinitiate the daily publication of local gasoline wholesalers’ prevailing prices in its own website.

The resolution also demands DACO to send said information to the PRSI on a regular basis to assure the update of the data contained in the Statistics Inventory of Puerto Rico for the island’s energy sector and the general public as well.

For several years, DACO compiled the retail price of gasoline, as provided by each gasoline wholesaler in compliance with Price Regulation No. 45. As a result, DACO was releasing this information on a daily basis through its statistical report, “Prevailing Prices of Gasoline Wholesalers.”

However, on July 10, 2015, DACO made the decision to stop publishing the information.

“The non-release of the Prevailing Prices of Gasoline Wholesalers that DACO compiles allows wholesalers to sell their gasoline to various retailers at different prices, which is against the best interest of consumers,” PRSI’s Resolution No. 2016-01, dated Jan. 19, reads, subscribed by both its board and Marazzi.

On Sept. 18, 2015, Gov. Alejandro García Padilla signed into law Act 154 of 2015, which amends the PRSI’s organic law to require all government organizations to send the institute any statistical publication, so that these be incorporated in the Statistics Inventory and available to everyone.

The Prevailing Prices of Gasoline Wholesalers report was sent to the PRSI through its subscription service nearly 60,000 times during fiscal year 2015, the highest number of reports sent through the system.

If needed, the PRSI indicated it could use the provisions contained in Articles 4, 5, 6 and 17 of its organic law (Act 209 of 2003, as amended) including administrative fines, among others, to enforce compliance of the dispositions contained in the document.

By José L. Carmona

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