DACO freezes fuel prices in response to Russia’s invasion of Ukraine
By John McPhaul
Consumer Affairs (DACO by its Spanish acronym) Secretary Edan Rivera Rodríguez issued an order on Thursday to freeze prices related to fuels in Puerto Rico.
The announcement was made in the afternoon at the DACO offices in the Minillas Government Center.
As regards freezing gasoline prices, Gov. Pedro Pierluisi Urrutia said DACO can only freeze profit margins, but referred the matter to Rivera Rodríguez.
The price freeze came after Popular Democratic Party House Majority Leader Rep. Ángel Matos García asked the governor and the DACO chief earlier Thursday to freeze the price of gasoline on the island.
“It is unacceptable that with a conflict of only eight hours in Ukraine, already at the gasoline pumps we see price increases,” Matos García said in a written statement. “I don’t want to imagine at what price we are going to see fuel, if this conflict spreads. My call is for the Governor and the Secretary of DACO not to remain observers and to take action immediately.”
The legislator specified that in Puerto Rico, with the mere rumor of instability in some part of the world, prices increase. However, it takes a long time for prices to come down, he added.
“I am sure that there are already those who still have fuel in reserve, have begun to increase prices,” Matos García said. “It is for this reason that the Governor must freeze prices and act for the benefit of Puerto Ricans.”