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.

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