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View Full Version : Anadegas says Hydrocarbon Law needs modifying



NewsWhore
11-03-2011, 03:30 PM
The National Association of Gasoline Retailers (Anadegas) complained that exonerations and oligarchies have taken over 50% of the market and increased the price of fuels. The association reiterated its call for modifications to Law 112-00 on Hydrocarbons so that the indexation of the prices is done automatically, because the DR is now the third most costly in terms of the prices of petroleum derivatives.

Rafael Polanco, the Anadegas president, told the reporters from Hoy that the entity will continue to push for the modifications to the law and the regulations, something they suggested to the National Congress in February of this year. According to Polanco, Dominicans are paying four dollars for a gallon of gasoline, partly because of a "cartel" that exists in the local fuel market, together with the "irregular" sales of fuel that together have reduced sales by 50% at the retail level.

Polanco also mentioned the tendency to "verticalize" the process, as well as a series of measures taken by local and international economic powers that seek to create an oligarchy and which now control 23% of the gasoline stations directly.

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