The Regulatory Authority of Public Services (Aresep for its acronym in Spanish) is proposing a new method to calculate profit margins for gas stations that sell different blends of gas, diesel, and liquefied petroleum gas.
What it is intended is that procedures to calculate prices become more transparent, understandable and verifiable.
The current price methodology dates from 1991 and regulators recommend an update.
The new method will take into account the requests of companies and changes in market conditions, and is being debated today in a public hearing process.
Source: Diario Extra.