Chilean Government seeks to moderate increase in fuel prices
Chilean Government seeks to moderate increase in fuel prices
5 de agosto de 2021, 0:30
Santiago, Chile, Aug 5 (Prensa Latina) The Chilean Ministry of Finance reported that it has made adjustments in methods to set fuel prices, after 35 weeks of rising gasoline prices.
The upward trend in fuel prices in the country led to some types of gasoline exceeding 1,000 Chilean pesos (about 1.30 US dollars) a liter, which generated protests from carriers and drivers.
The Treasury informed on Tuesday night that it will make adjustments to the Fuel Price Stabilization Mechanism (FPSM), insistently requested by some economists and business sectors, with which it seeks at least to moderate the sustained increase in prices.