Colombia Orders Gas Distributor to Cut Prices, Refund Customers
Colombia's utilities watchdog ordered Grupo Vanti, the nation's biggest natural gas distributor, to cut prices and reimburse households hit by higher charges at the start of the year.
Vanti's price increases of 5% in January and 36% in February were unjustified since the company had 'sufficient reserves of domestic natural gas' to meet demand from homes and businesses, the agency, known as Superservicios, said in a statement Wednesday. It therefore ordered Vanti to 'recalculate' the rate and completely refund the amount 'overcharged,' the watchdog added.
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