Saturday 12 June 2021

Riteve Denied Rate Increase

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.

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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.

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