The Minister of Mines and Energy, Irene Vélez, announced that the government is analyzing the possibility of applying differential fuel prices for small consumers.
In statements to the national media in Portugal, he assured that it has been established that there are large consumers who benefit from the subsidies provided through the Fuel Price Stabilization Fund (FEPC).
Minister Vélez recalled that the FPEC has stopped financing and that the deficit has increased due to the rise in international prices, creating a gap between local gasoline.
“It is necessary to close the gap, which means that the price of gasoline must be increased and at the moment we are financing more than 5,000 pesos from the fund, which means that even today the price we pay is well below the actual price lies.” he assured..
He affirmed that, as stipulated in the National Development Plan, the formula for calculating the price of gasoline in the country is being revised.
“There is a situation and it is that the way this method is built means that all petrol is valued at the international price, but we are producers and more or less 50% is national petrol that is mixed with imported ones. It makes no sense that 100% is passed on to international prices,” says Vélez.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
