Tuesday, 15 March 2022 15:14

Companies that alter petroleum products will be sanctioned up to US$100 thousand

Written by Evelyn Alas

With 76 votes, the deputies approved in plenary session the Transitory Law to Sanction Infractions in the Commercialization of Petroleum Products, which seeks to stop abusive practices in the sale of these products.

The regulation establishes a clear typification of these illegal conducts, determining the offenses to the Law Regulating the Deposit, Transportation and Distribution of Petroleum Products, establishing sanctions and the procedure to be applied by the Ministerio de Economía (MINEC).

The offenses will result in penalties with fines ranging from US$10 thousand to US$100 thousand. The document contains criminal sanctions against those who do not comply with the regulations, which are regulated in Title IX, Chapter II "Crimes related to the market, free competition and consumer protection" of the Penal Code.

Currently, the Code determines that, for hoarding, the sanction is from 3 to 5 years of imprisonment; for selling at a higher price, from one to three years; use of altered weights or measures, from one to three years; unfair competition from six months to two years.

It is established in the initiative that those who are engaged in the commercialization of oil products must immediately (in a time not exceeding 15 minutes) allow inspections by the delegates of the Directorate of Hydrocarbons and Mines, so that they may take samples, carry out tests and trials, verify weights and measures, review any type of documentation, among other actions.

In addition, these companies must respect the maximum sale price of LPG in portable cylinders, for domestic use, established by the Ministerio de Economía (MINEC).

Failure to comply with the above two points will subject the company to administrative sanctions, consisting of fines ranging from 500 to 10 thousand minimum wages.