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Chile Announces a Historic Fuel Price Hike Due to the War in Iran, and Long Lines Are Already Forming. Kast Calls for "responsibility."
45 Articles
45 Articles
Chile Fuel Prices to Jump 54% as Kast Ends Subsidy
Key Points —Chile will raise fuel prices by up to 54% on Thursday, with gasoline jumping 44% and diesel surging 54%, as the Kast government invokes an emergency clause in the MEPCO stabilization mechanism. —The government has been spending $140 million per week to subsidize fuel prices and says it can no longer afford the […] The post Chile Fuel Prices to Jump 54% as Kast Ends Subsidy appeared first on The Rio Times.
By Gonzalo Zegarra, CNN Español. Chilean President José Antonio Kast called for “responsibility” and “solidarity” from Chileans and opposition parties after the historic fuel price hike announced Monday night, which generated long lines at gas stations before the measure took effect. Chile, as one of the largest oil importers in the region, was particularly vulnerable to the recent international price increases fueled by the war in the Middle Ea…
The rise will take effect from Thursday and the finance minister, Jorge Quiroz, said that “I will not go back.” Truck and bus associations warn of strong increases.
The document explains the international context of the increase, details the functioning of MEPCO and FEPP, and instructs spokespeople on how to answer questions from the press, face criticisms from the opposition and avoid statements that may affect the handling of the issue. The post “Cinse to the script and don’t talk about more”: the minute of damage control due to the rise of the bencina appeared first on Fast Check .
Gasoline prices should increase by around 32% and fuel 62%. The government demands understanding, remembering that the country faces "a historical crisis" and one of the biggest shocks in the global oil market.
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