Argentina judge suspends 500% gas tariff hikes on small businessStaff Writer | September 29, 2016
An Argentinian federal judge suspended a 500% hike in natural gas tariffs on small and midsized businesses.
Gas prices Miguel Vaca Narvaja ordered
This means that gas tariffs must return to March 31 levels, a day before the government hiked them by 500% on small and midsize companies, the business chamber said in a statement. The tariffs will remain frozen until December 27, it added.
The judge's decision is similar to one that led the country's Supreme Court to suspend a 400% hike on household tariffs in August on the arguments that by law a public consultation had to be held previously and that the increase should be less drastic for consumers. ■