Regulatory authority seeks culprits for error in fuel-price calculation

July 16, 2013

After admitting they made a mistake in calculating fuel prices last month, officials from the Public Services Regulatory Authority (ARESEP) opened an investigation of 15 employees from the Energy Administration.

The agency wants to determine if the employees are responsible for miscalculating estimated profit margins for fuel vendors, which prompted the reversal of a previous ₡4 decrease in gas prices, set just a few days earlier.

The error resulted not only in the elimination of the price decrease but also prompted a ₡5 increase in the per-liter price of fuel.

The group under investigation was responsible for conducting the price analysis and includes lawyers, economists, accountants, engineers and statisticians.

ARESEP spokeswoman Carolina Mora said that if any of the employees are found guilty, they would face sanctions including dissmisal, as specified by the internal rules of that agency.

Results of the investigation are expected by the end of the month.

You may be interested

Adaptive surfing, part II: The story of Dean Bushby
sports
126 views
sports
126 views

Adaptive surfing, part II: The story of Dean Bushby

Ellen Zoe Golden - May 22, 2018

A three-part look at adaptive surfing in Costa Rica. Read Part I here to learn how a Central Pacific coach is…

Costa Rica launches Pride Connection network
Human rights
154 views
Human rights
154 views

Costa Rica launches Pride Connection network

Elizabeth Lang - May 22, 2018

As Costa Rica continues to grapple with the disagreements about marriage equality and gender identity that dominated the second round…

Costa Rica at a glance: top news from the past week
The Alvarado Administration
188 views
The Alvarado Administration
188 views

Costa Rica at a glance: top news from the past week

The Tico Times - May 21, 2018

Newly inaugurated Costa Rican President Carlos Alvarado is closing in on two weeks on the job. Here are some of…