Businessmen from the sector are complaining about continued delays in the discussion of legislation regulating the marketing and pricing in the fuel distribution business.
Lack of consensus last year among all companies in the sector for importing and distributing fuels regarding the opening of gas stations led to the draft law intended to regulate the sector not getting to Congress for discussion ..
There has been a reduction in the number of independent gas stations and an increases the presence of corporate brands.
The gas stations business in Guatemala has been transformed in recent years, as fewer and fewer service stations are being operated by independent companies, many of which have sold their establishments or been acquired by international franchise brands.
Through its petroleum division Uno Costa Rica Terra Group bought seven service stations from the Costa Rican Grupo Colono.
Uno Costa Rica, the petroleum division of the Honduran Terra Group, has purchased seven services stations operated by the Costa Rican group Colono in Limon and Alajuela. The amount of the transaction has not been revealed.
This was confirmed by Uno from Honduras and "Victoria Velasquez, director of the Commission to Promote Competition, at the Ministry of Economy, Industry and Commerce (MEIC), responsible for approving or denying transactions of mergers and acquisitions in the country."