LatinNews Daily - 25 March 2022

In brief: Paraguay’s congress approves fuel subsidies

In brief: Paraguay’s congress approves fuel subsidies*Paraguay’s lower chamber has approved a bill authorising temporary fuel subsidies for state-owned oil company Petróleos Paraguayos (Petropar), for an initial two-month period, thereby enabling it to sell Type III diesel and 93 octane petrol, used in public transport and by commercial operators and agricultural producers, at preferential prices. Ratified by the senate on 23 March, the bill includes other provisions such as a cap of five litres on the amount of Type III diesel and 93 octane petrol that Petropar gas stations in border cities are permitted to sell to foreign vehicles. The bill, which is in response to recent protests by truckers, taxi drivers and motorcycle delivery drivers over high fuel prices, now goes to the president for promulgation.

End of preview - This article contains approximately 128 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.