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Over the past 27 years, mining for copper by Minera Escondida, a company co-owned by Anglo-Australian mining giants BHP and Rio Tinto, has resulted in a dramatic reduction of water levels in the Punta Negra salt flat in northern Chile, according to public defenders and Indigenous groups. Extraction of water for the company’s mining operations […]
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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.