Gas Prices to Drop for New Year - Diesel Will Cost More
Super gasoline will go down ¢28 per liter; Regular, ¢26; and diesel will go up ¢17, according to ARESEP.
LPG gas for cooking will cost ¢22 less per litro, and A-1 Jet Fuel will rise ¢48. The resolution will be sent for publication on Friday and should take effect on or before January 5th.
The decision partially eliminates a subsidy for diesel and jet fuel and is trying to balance the gas prices. The original proposal would have dropped super ¢59 per liter, and regular ¢46, while diesel would have risen ¢33.
Fernando Herrero, the chief regulator, explained that the partial elimination was better, so that the price of diesel would not rise too abruptly, which could lean to a chain reaction in prices of “public transport and other goods and services that depend on transportation.” The regulators would like to implement the next adjustment within 3 months.