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Guatemala approves subsidy on diesel and gasoline

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Guatemala approves subsidy on diesel and gasoline

Guatemala, Apr 5 (Prensa Latina) A subsidy on diesel and regular gasoline came into effect in Guatemala on Tuesday, a measure with which the Government intends to alleviate the high prices of fuel.
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Suggested by the Government, the Congress approved the proposal on March 15, but it was only on Monday that the Ministry of Energy and Mines (MEM) published the regulations that approve the long-awaited help to consumers, originally conceived for two months.

The document enshrines the procedures to enforce Legislative Decree 20-2022, which establishes a five-quetzal discount (0.65 cents of a US dollar) on a diesel gallon and a 2.5-quetzal discount (0.33 cents) on regular gasoline.

Until Monday, the price of a diesel gallon was 38.29 quetzals (4.99 dollars) and the price of regular gasoline was 37.60 quetzals (4.90 dollars), respectively.

In this regard, the Government explained that the temporary social benefit will move from the importer to gas stations and finally to consumers, always under the surveillance of the Consumer Service Office, the MEM, the Ministry of Economy and the Superintendency of Tax Administration.

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