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Nov 18, 2019

Opposition Leader Criticizes GOB’s Decision to Fix LPG Prices

Late on Friday, the Government announced it was instituting fixed prices for Liquefied Petroleum Gas known as L.P.G.; the prices took effect on Saturday. According to the government, the fix is temporary and is critical to keep local operators in the butane business. G.O.B. says that the new prices will prevent predatory pricing by major importers who have engaged in an act of driving prices down well below the maximum ceiling for retail and wholesale of L.P.G. It is known that Central American importers engage in a price war lowering prices that cannot be met by the local suppliers. Today, Leader of the Opposition John Briceño gave his perspective calling on the government to allow free competition.


John Briceño, Leader of the Opposition

John Briceño

“Every time I think this government does the most stupid thing, they always come with something that is even more stupid. A government is there to protect its citizens from price gouging not from giving away things. If a business person wants to reduce the price of the butane gas, why not? If he or she wants to give it away, why not? That’s his business. Now what we need to do is to protect that they don’t gouge the consumer. That if the butane cost five dollars a gallon and then they want to sell it for ten dollars that is when the government suppose to step in. But if the person wants to sell it for two dollars, three dollars, who is going to benefit from it? Consumers. That is what competition does but for them now to actually legislate or to pass a Statutory Instrument to say that you can’t sell it cheaper than this, a certain amount. It is ridiculous. I think people should be able to call up their U.D.P. representatives and tell t hem what kind of stupid things you are doing. If someone wants to sell it cheaper to us, so be it. So be it.”

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