Rodrigo Paz Announces the Elimination of Diesel Subsidy
15 Articles
15 Articles
Bolivian President Rodrigo Paz announced the elimination of any subsidy to diesel, after Congress approved a millionaire credit from the International Monetary Fund (IMF) to stabilize its economy. “We have made the decision that from today diesel will cost us the same as it costs us to buy it outside. We can’t buy expensive for ... Continue reading “Bolivia totally eliminates diesel subsidy: “We can’t buy expensive and sell cheap””
President Rodrigo Paz released the price of fuel and implemented mitigation measures as criticisms of the agreement with the IMF grow.
Several productive sectors, peasants and drivers, rejected the measure in advance.
The president of Bolivia, Rodrigo Paz, announced the new adjustment, this after the tensions generated by the scarcity of hydrocarbons, as well as the restructuring of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB).
The minister of the presidency said that the fuel subsidy generated a cost of $ 2.6 billion a year and benefited mainly high-income sectors.
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