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Fuel prices in Bolivia
Message
From
01/01/2011 09:46:11
 
 
To
01/01/2011 09:09:11
Hilmar Zonneveld
Independent Consultant
Cochabamba, Bolivia
General information
Forum:
News
Category:
Money
Miscellaneous
Thread ID:
01494281
Message ID:
01494282
Views:
60
>A few days ago, fuel prices (gasolene, diesel) were raised about 50 to 80 percent, to bring them closer to international prices. After a lot of protests, the government has reverted this decision tonight.
>
>The decision seemed economically sound; prices were (and now are, again) subsidied. It seems the government imports part of the fuel from neighboring countries to sell them at lower prices... and part of those are then smuggled back to neighboring countries.
>
>I wonder how this is going to continue.
>
>A friend - borin in Iran, but lost his Iranian citizenship because he is a Bahá'í - said that in Iran, they just raised fuel prices a few weeks ago, by a factor of nine! I must have overlooked that in the news. It seems prices there were subsidied, too - but there is a fairly tight quota to how much gasolene an individual can buy in a month.

They are jumping like crazy here and predicted to go as high as 5.00/gallon and yet no screams for some reason.... right now around $3/gallon
.·*´¨)
.·`TCH
(..·*

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