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Latest News in Peru / Archive
Transportation | 13 August, 2008 [ 11:33 ]
Peru: 70 percent of Lima gas stations increase the cost of fuel
Living in Peru
Israel J. Ruiz
After Peru's government announced it had reduced fuel subsidies on Tuesday, prices at gas stations around the country almost immediately began to rise.
According to local media, 70 percent of Lima's gas stations modified fuel prices when Petro-Peru announced it would be raising the cost of fuel.
The state-run energy company increased the price of 84-octane gasoline by 0.64 soles per gallon.
In the case of diesel, the cost went up 0.48 soles per gallon and 1.01 soles per gallon for two types of industrial oils.
The government reiterated that higher-octane gasoline would not be subsidized at all, explaining this kind of fuel was usually used by Peru's higher class.
Juan Valdivia, the Andean country's Minister of Energy and Mines affirmed the government would gradually reduce its fuel stabilization fund until subsidies were eliminated.
On the other hand, the minister noted that fuels which contaminated the environment less would continue to be covered by the stabilization fund, which was established in 2004.
Israel J. Ruiz
After Peru's government announced it had reduced fuel subsidies on Tuesday, prices at gas stations around the country almost immediately began to rise.According to local media, 70 percent of Lima's gas stations modified fuel prices when Petro-Peru announced it would be raising the cost of fuel.
The state-run energy company increased the price of 84-octane gasoline by 0.64 soles per gallon.
In the case of diesel, the cost went up 0.48 soles per gallon and 1.01 soles per gallon for two types of industrial oils.
The government reiterated that higher-octane gasoline would not be subsidized at all, explaining this kind of fuel was usually used by Peru's higher class.
Juan Valdivia, the Andean country's Minister of Energy and Mines affirmed the government would gradually reduce its fuel stabilization fund until subsidies were eliminated.
On the other hand, the minister noted that fuels which contaminated the environment less would continue to be covered by the stabilization fund, which was established in 2004.
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1 Comment
# Simon Walter says :
14 August, 2008 [ 10:37 ]
What ticks me off about this is that most of these ******* gas station owners don't even wait for the next delivery of fuel to put up their prices. If that isn't unethical trading then I don't know what is. Someone wrote about Peruvians being hardworking - that's certainly true. But there's also another brand of Peruvian who is far too willing to bend (and break) the rules to make a quick, dishonest buck at the expense of others, and I'm afraid that they are usually the ones running the country.Add your comment
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