Bolivia Ends 20 Years of Cheap Diesel: What the 83% Price Rise Means for Expats
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Bolivia Ends 20 Years of Cheap Diesel: What the 83% Price Rise Means for Expats
BOLIVIA · ECONOMY & FUEL POLICY Key Facts —The headline Supreme Decree 5716, approved on Friday 18 September and in force since Saturday 19 September, raised the retail price of diesel in Bolivia from Bs9.80 to Bs17.95 per litre including VAT — a rise of about 83%, from roughly US$0.89 to US$1.63 per litre. —The […]
Fact sheet The Bolivian government eliminates the subsidy to diesel, increasing its price to 17.95 bolivianos per liter and activating an economic compensation package with nine measures to mitigate the impact on the population. To see the full context Context: President Rodrigo Paz communicated the measure in a speech on Friday night. The elimination of the subsidy seeks to match the prices of diesel to those of the international market and all…
Economist Fernando Romero points out that the measure can alleviate public finances, but also deepen the recession and affect lower-income families.
The elimination of the total subsidy to the price of diesel is supported by the supreme decree 5716 adopted by the government on September 18. The base price of this fuel is Bs 17.96 per litre and will be adjusted to the international price,...
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