This was informed by the vice-minister of Internal Commerce of the Ministry of Industry, Commerce and Mipymes, Ramón Pérez, who specified that the Executive allocated 214 million pesos (about three million 500 thousand dollars) to protect several hydrocarbons during the next seven days.

He explained that this expenditure is being made in an international context marked by geopolitical tension in the Middle East, where the conflict between Iran, Israel and the United States is beginning to generate direct pressure on the international prices of oil and its derivatives.

He added that this is compounded by a drop in oil inventories in the United States and production cuts by key exporting countries.

Perez pointed out that from the 20th to the 27th of next year, liquefied petroleum gas (LPG), regular gasoil, optimum gasoil and regular gasoline will be subsidized.

The vice minister clarified that “this fiscal effort, although significant, has limits”.

jrr/jav/oda/mpv