fu-riteveThe cost of vehicle inspection will not go up, with the rejection of a rate adjustment request by Riteve.

The regulator of public prices and services, the Aresep, on Friday denied Riteve a 147% increase.

Arespe spokesperson, Carolina Mora, said that the company failed to document the request with the required technical and legal documentation containing a rate study indispensable in any rate adjustment.

Riteve General Manager, Fernando Mayorga, said there have been no rate increase in 10 years and that company would be reviewing the legal options in the coming weeks.