NewsWhore
02-10-2011, 04:20 PM
Industry & Commerce minister Jose Ramon Fadul and the head of the largest gas station retailers association (Anadegas), Rafael Polanco have agreed to set up a mixed commission to make recommendations on how the government is applying the hydrocarbons laws, especially when it comes to fuel price increases. Yesterday, Anadegas was calling on its 400 stations nationwide to stop selling fuel in protest at what it described as discrimination in its percentage of earnings when the government increases the price of fuel. Polanco said that 70% of its members took part in the work stoppage. Anadegas wants an increase in its profit margin, which is currently at 7.4% per gallon.
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More... (http://www.dr1.com/index.html#4)