Minister Palma acknowledges that gasoline will stop falling and a possible increase is now being evaluated, what's happening?
The National Government acknowledged that it could halt the reduction in the price of gasoline and, in fact, a possible price increase is being evaluated in the coming months due to the war that the United States and Israel are waging against Iran.
TL;DR
- The National Government may stop reducing gasoline prices and is evaluating a possible increase.
- International conflicts, specifically the war involving the United States, Israel, and Iran, are impacting global oil prices.
- Minister Edwin Palma stated that geopolitical situations affect international oil prices and, consequently, domestic fuel costs.
- The government previously announced price reductions under more favorable international market conditions.
- Decisions on gasoline prices are linked to the Fuel Price Stabilization Fund, which aims to cushion international price fluctuations.
- The fund's deficit could increase by approximately 1.2 trillion pesos per month if oil prices remain around $100 per barrel.
- The government aims to avoid deteriorating public finances and fiscal pressures.