Gasoline prices lower in January

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Living in Peru
Jobana Soto

Today, President Alan García Pérez announced there will be lower gas prices beginning the first week of January. This announcement comes a week after the Ministry of Economy and Finance promised Peruvians cheaper gas rates in the beginning of the new year.

Minister of Economy, Luis Valdvieso, and the holder of Energy and Mines, Pedro Sánchez, told the public there will be lower gas prices beginning the first week of January but gave no further details on how much or when the new prices would take effect.

Some criticisms have sprung up on the way García and the government handle the price of gas. Aurelio Ochoa, expert in hydrocarbons, insists that the government should rate the price of gas on a 40 percent average based on the international market instead of the current way, as the prices drop.

García continued on with his speech, adding that fuel is important to the development of the country as it boosts public works and creates more jobs, helping save the country from the international financial crisis.

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