• The San Juan Daily Star

Suspension of gasoline transaction fee proposed

Sen. Carmelo Ríos Santiago

By The Star Staff

Sen. Carmelo Ríos Santiago announced on Sunday the filing of a joint resolution that orders the Treasury secretary to suspend, for a period of 60 days, the collection of fees for electronic payment processing transactions through debit and/or credit cards when a citizen pays for gasoline at a filling station.

“Several weeks ago we had a roundtable with members from all sectors of the gasoline sales chain, including heads of central government agencies,” Ríos Santiago said in a written statement. “In that forum, the idea was brought to the table that if the Treasury suspends for a while the collection of fees for electronic transactions in the purchase of gasoline, that reduction can be passed directly to the consumer. That is what we are looking for with this measure that we will be filing in the coming days.”

The senator said that every time a person pays for the purchase of gasoline with a credit card, debit card or through the ATH Móvil platform, the concessionaire has to remit an amount to the Treasury for the payment of excise taxes. In addition, the banking institution or the credit card company charges for each transaction made. The senator did not specify if the proposal includes the suspension of the latter charge.

The initiative only applies to gasoline purchase transactions.

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