Anadegas Warns that Fuel Retailers Are on the Verge of Collapse

The president of the Asociación Nacional de Detalistas de Gasolina (Anadegas), Juan Elías Pérez, warned Wednesday that the sector is going through one of the worst economic crises in its history, saying that if no immediate measures were taken, about 70% of fuel stations could go bankrupt. Pérez explained that the marketing margins received by retailers are “pyric”, standing between 22 and 25 pesos per gallon. Of that amount all operational cost…