No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveRegulatory authority seeks culprits for error in fuel-price calculation

Regulatory authority seeks culprits for error in fuel-price calculation

After admitting they made a mistake in calculating fuel prices last month, officials from the Public Services Regulatory Authority (ARESEP) opened an investigation of 15 employees from the Energy Administration.

The agency wants to determine if the employees are responsible for miscalculating estimated profit margins for fuel vendors, which prompted the reversal of a previous â‚¡4 decrease in gas prices, set just a few days earlier.

The error resulted not only in the elimination of the price decrease but also prompted a â‚¡5 increase in the per-liter price of fuel.

The group under investigation was responsible for conducting the price analysis and includes lawyers, economists, accountants, engineers and statisticians.

ARESEP spokeswoman Carolina Mora said that if any of the employees are found guilty, they would face sanctions including dissmisal, as specified by the internal rules of that agency.

Results of the investigation are expected by the end of the month.

Trending Now

Costa Rica Oversight Body Warns U.S. Deportation Deal Could Trigger Rights Violations

A Costa Rican oversight body is warning that the country risks repeating human rights violations if it moves ahead with a new agreement to...

Costa Rica Pavones Dock Plan Faces Backlash Over Wave and Environmental Risks

A dock project moving ahead in Pavones has set off growing concern among residents, surfers and environmental advocates who say the work could put...

Nicaragua Rejects United States Claims of Holy Week Celebration Ban

Nicaragua denied Wednesday that it is prohibiting Holy Week celebrations, countering accusations from the United States and opposition voices that public processions have been...

Costa Rica Sportfishing Efforts Grow in Barra del Colorado

In Costa Rica’s remote Caribbean north, a new model for sustainable sportfishing is taking shape, driven in part by the leadership of FECOP and...

Costa Rica National Team Fights Back for 2–2 Draw Against Jordan

Costa Rica opened the Fernando Batista era with a comeback result on Friday, rallying from two goals down to draw Jordan 2–2 in an...

What It’s Like to Finally See a Jaguar in the Wild in Costa Rica

A few months ago, I was preparing to take a group of people out on a tour to review camera traps. As I fiddled...
L. Arias
L. Arias
Reporter | The Tico Times |
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica