LatinNews Daily - 10 November 2026

*Chile’s President José Antonio Kast has announced new measures aimed at tackling the international rise in fuel prices. The measures include a proposed legislative bill which seeks to limit potential increases in gasoline and diesel prices to a maximum of Cl$20 (US$0.02) per litre per adjustment over the next 90 days. He also said that as an initial measure, increases would be limited to Cl$40 per litre as of 12 November, using the minimum technical adjustment permitted under the state fuel price stabilisation mechanism (Mepco), a special fund that subsidises fuel prices. Kast’s announcement comes as truck drivers and transport organisations began demonstrations and partial road blockades yesterday in central southern parts of the country such as Los Ángeles, in the Biobío region, in protest at high fuel prices. It also comes as Chile’s national statistics institute (INE) released inflation figures for October on 8 November which showed a monthly inflation rate of 0.5% and annual rate of 4.5%, up from 0.4% and 4.1% respectively in September. The INE highlighted among sectors driving price rises, transport, which was up 2.0% in monthly terms and up 10.0% in annual terms.