The Government is debating whether to charge an additional tax of 1% on the price of fuel when the international price falls below $50 per barrel.
Under the law passed in 2009, if the price of a barrel of oil is less than $50 an additional 1% tax on the price of fuel will be automatically applied. Although the international price of oil is now trading at less than $50, the tax is not yet being charged.
Gasoline distributors are concerned about Petrocaribe's recommendation that the Salvadoran government be the sole manager of oil imports.
An urgent appeal to the Government for it to call together companies from the sector and clarify the implications of El Salvador's entry into Petrocaribe, has been the reaction of the distributors of domestic fuels, in light of statements by representatives of Alba Petróleos suggesting that the government should establish an entity to manage the purchase and import of hydrocarbon derivatives purchases.
300 service stations will gradually phase out the acceptance of credit or debit cards as payment
The decision taken by the Employers and Distributors Association of Petroleum Adepetro, and the Salvadoran Association of Distributors of Petroleum Products is in response to reduced profit margins resulting from the application of the new formula for establishing the sales price .
Enrique Melendez, manager of the Guatemalan Association of Petrol Vending noted the possibility of importing petroleum products from the new plant in Acajutla, depending on the conditions of negotiation.
Cummins Power Generation Inc. is a worldwide provider of electrical generators and power generation systems, components and services in standby power, distributed power generation, as well as auxiliary power in mobile applications to meet the needs of a diversified customer base.
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