Bolivia Intervenes in State Oil Company Amid Fuel Shortage
A five-ministry commission will manage imports and distribution as officials blame smuggling and shortages for pressure on diesel supplies.
- On September 1, 2026, Bolivia's government took temporary control of YPFB, placing the state oil company under a five-ministry commission for up to 180 days to address fuel shortages.
- Domestic fuel production dropped from roughly 63,000 barrels in 2015 to roughly 22,000 barrels now, forcing Bolivia to import roughly 60 percent of its diesel and gasoline at roughly US$81 million monthly.
- Officials split diesel prices in August, charging large industrial buyers Bs 18 a liter while transporters and everyday drivers maintain a subsidized Bs 9.80 rate; regulators raised the small-farmer monthly quota to 2,500 liters on September 2.
- Road blockades have flared since late August as farmers, transporters, and drivers across Bolivia face ongoing fuel queues, while business leaders at Cainco argue state control remains the primary bottleneck.
- Presidency Minister Fernando Aramayo linked the recent price changes to requirements for a possible $1.9 billion IMF loan, though Congress must still approve the financing deal in coming months.
24 Articles
24 Articles
Bolivia orders state intervention as fuel shortage bites
The Bolivian government announced Wednesday that it had placed state oil company YPFB under temporary supervision, citing problems with fuel imports and distribution amid a severe supply crisis. Long lines of drivers queuing for scarce fuel have become a regular sight in Bolivia, where President Rodrigo Paz took power last November on a pledge to Read More: https://punchng.com/bolivia-orders-state-intervention-as-fuel-shortage-bites/
Bolivian government intervenes state oil YPFB to transparent operations
In the midst of the fuel crisis, the government decrees the intervention of YPFB The government of President Rodrigo Paz issued Supreme Decree 5697, which provides for “the extraordinary, transparent and temporary state intervention of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB)”. The objective is to “protect the interests of the State and recover the efficiency of the operational management [...] The entry <font color="#0ac600">Bolivia<…
The Bolivian state will take control due to the irregularity in the fuel supply and the quality of the fuel.
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