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Argentina judge suspends 500% gas tariff hikes on small business

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Staff Writer | September 29, 2016
An Argentinian federal judge suspended a 500% hike in natural gas tariffs on small and midsized businesses.
Argentina gas 500
Gas prices   Miguel Vaca Narvaja ordered
Miguel Vaca Narvaja, a judge in the heartland city of Cordoba, ordered the postponement after reviewing a collective lawsuit by the Assembly of Small and Medium Entrepreneurs, a national business chamber based in Buenos Aires, Platts reports.

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.


 

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