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March 16, 2022
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Green light for a temporary subsidy for diesel and gasoline in Guatemala

The initiative, presented by the Government, became a national urgency with the vote of 131 deputies, 10 against and 19 absent, during period 25 of the ordinary session, the day before.

According to the regulations in its article two, a subsidy of five quetzales per gallon of diesel (0.65 cents of a dollar) and 2.50 quetzales per gallon of regular gasoline (0.33 cents of a dollar) will be granted.

Only those importers of these fuels that appear registered in the General Directorate of Hydrocarbons of the Ministry of Energy and Mines, prior to the date of entry into force of the law, may opt for the support.

To comply with the provisions, the General State Revenue Budget must be expanded, it transpired during the discussion of the official proposal and other groups, which presented amendments to raise the subsidy per gallon of regular gasoline to three quetzals and include super gasoline. , but without success.

As soon as he heard the news, President Alejandro Giammattei took the opportunity to congratulate Congress on his social networks for supporting “a direct benefit to the pockets of Guatemalans.”

For his part, the Minister of Energy and Mines, Alberto Pimentel, said yesterday in a meeting with the Legislative Board of Directors, that 98 percent of vehicles with commercial license plates are part of the basic product transportation chain and use diesel. for its operation, hence the Executive’s proposal.

This measure, he assured, is part of a set of initiatives adopted by the Government to face the economic crisis caused by the increase in fuel prices as a result of the war between Russia and Ukraine.

In accordance with the planned agenda, the deputies also gave the green light in their third debate to a millionaire expansion for the Ministry of Communication, Infrastructure and Housing, a decision highly questioned by the opposition.

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