Tuesday, June 06, 2023
name of Prensa Latina
Bandera inglesa
English Edition
name of Prensa Latina



Panama extends fuel price subsidy

Panama extends fuel price subsidy

Panama City, Mar 29 (Prensa Latina) The Government of Panama extended for two more months the subsidy it has maintained since last July 18 on the price of a gallon of fuel (3.78 liters), it was reported.

According to the Executive, this is one of the lowest prices in Central America for 91 and 95 octane gasoline and diesel, which is sold at 3.25 dollars.

The measure, approved by the Council of Ministers, states that after April 22 and until next May 31, the price of 91 octane gasoline and diesel will remain at 3.25 dollars.

Last February 14, the Cabinet endorsed the extension of the fuel price at 3.25 dollars until this April 1st., so the new measure is adopted for a period of 60 additional days, according to the official information.

In the statement, the Government explained that this subsidy represents a great effort and a fiscal sacrifice, in order to ease the high costs of products and services to the population in general, as well as an additional impulse to the ongoing economic reactivation.

According to the official note, until January 15, 2023, the Executive has disbursed some 370 million dollars to sustain fuel subsidy, although it does not specify how much the amount will be until April 1.

The freezing of fuel prices is the result of a wave of protests by social organizations against the high cost of fuel which paralyzed the country in July last year.


name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.