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  • Writer's pictureThe San Juan Daily Star

DACO: Price of gasoline falls below $1 per liter

Consumer Affairs Secretary Edan Rivera Rodríguez

By The Star Staff

Consumer Affairs (DACO by its Spanish acronym) Secretary Edan Rivera Rodríguez announced on Monday that gasoline prices are below a dollar per liter.

“Locally, at the end of the day on August 1, all wholesalers notified the Department of Consumer Affairs (DACO) of low rates consistent with those reported by the reference markets,” Rivera Rodríguez said in a written statement. “These declines averaged $0.03 per liter for regular gasoline, and $0.04 per liter for diesel. With the declines reported by wholesalers, today, Tuesday, June 2, the DACO report reports maximum pump prices below a dollar for regular gasoline.”

Diesel, meanwhile, will have maximum prices between $1.12 and $1.22 depending on the brand, which represents a considerable reduction compared to the maximum of $1.54 per liter that the fuel product reached in mid-June, when it registered historically high prices.

“The prices reported for today will apply to all stations that are replenished during the day,” Rivera Rodríguez said. “The tables reported by DACO reflect the maximum prices considering the maximum allowed as profit margin. For this reason, stations with prices below those reported in said tables could be found.”

“The volatility of the fuel market makes it impossible to ensure that the prices reported for today will be maintained,” the DACO chief added. “Nonetheless, for about a month the benchmark markets have maintained some downward trend.”

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