Bolivia Ends Diesel Subsidy for Large Consumers as YPFB Admits Crisis
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4 Articles
Bolivia Ends Diesel Subsidy for Large Consumers as YPFB Admits Crisis
YPFB admitted a structural crisis as Bolivia ended the diesel subsidy for large consumers, roughly doubling the price to about US$1.56 per liter. President Rodrigo Paz separately launched a US$92.7 million emergency employment program. The post Bolivia Ends Diesel Subsidy for Large Consumers as YPFB Admits Crisis appeared first on The Rio Times.
The Bolivian Government announced changes to Supreme Decree 5676, which has caused controversy over its impact on the reference price of diesel, which was set at 18 Bolivians per litre (approximately $1.55).
An emergency extension of the Confederation of Workers, Retailers, Livestock Workers, Craftsmen and Self-employed Workers determined, this Monday in Cochabamba, to demand the government abrogation of the decree that increases the price of diesel for a certain type of users.
Fact Sheet: The Chapare region of Cochabamba will mobilize nationwide in rejection of Decree 5676, which modifies the price of diesel. The protests will begin on August 26, according to Vicente Choque. Tap to see the full context. Context: Vicente Choque, a supporter of Evo Morales, argued that the economic measures are unsustainable and that the population is forced to protest due to the crisis and the high cost of living. He emphasized that "h…
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