On December 18, 2018, the Energy Regulatory Commission
("CRE") published in the Federal Official Gazette the
Resolution A/040/2018 which sets forth the interpretation criteria
for business models compatible with the Retail of refined
products.
The Resolution is applicable to all Retail permit holders that
want to promote business models that allow the efficient
development of the market, and guarantee supply in an efficient,
uniform, regular and safe manner.
The following are the general criteria to consider in the Retail
of refined products activities:
That based on the statistical analysis of the Retail permits,
there should exist a relation between the decrease in reported
prices in a zone and the adoption of business models with new
commercial strategies, that are generated by the competition
between the permit holders, such as benefits accumulation or points
for the clients, rewards programs, membership or credit cards,
subscriptions, reservations,
