The Vice President of Nicaragua, Rosario Murillo, anticipated the report from the Nicaraguan Institute of Energy (INE) and the Ministry of Energy and Mines regarding the update of fuel prices and announced that they will continue to be frozen in the week of 24 to 29 of April. What she omitted is that at the international level, oil presented a drop in its costs.
This would be the third consecutive week that the Government of Nicaragua affirms that it assumes the rise in diesel, gasoline (regular and super) as well as liquefied gas (for cooking) in all its presentations.
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«The most important thing is that there will be no fuel increase in diesel, nor in super gasoline, nor in regular gasoline. 100% of the increases that have occurred at the international level are going to be assumed by the government, ”said the spokeswoman for the dictatorship.
As for liquefied gas, Murillo assured “that it will not suffer an increase in all its presentations either. The government has decided to assume 100% of the increase in international prices, so that families continue to pay the same in presentations of 10, 25 and 100 pounds.
“We want to make that very clear and then the formal communication will come out from the institutions of the energy cabinet that this afternoon corresponds like every Friday,” the first lady emphasized.
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This is the first time that the deputy dictator reports on the update of fuel prices in Nicaragua; However, since 2020, the State has been silent in the face of the wave of increases that went from 38 córdobas to cost almost 50 per liter of super gasoline.
Current fuel prices
In accordance with the decision of the Ortega regime to keep fuels frozen, gasoline and diesel would maintain their prices for the corresponding week from April 3 to 9, when the super gasoline Y regular increased 1.33 cordobas per liter.
For liter the super gasoline is currently trading at 49.03 cordobasregular 47.84 córdobas, while diesel, the most consumed fuel in the country, is bought from 43.16 cordobas.
For gallonthe super gasoline it has a price of 185.57 cordobas, the regular 181.07 and diesel costs 163.36 cordobas. That week will remain the same, starting at zero hours on Sunday, April 24.
momentary relief
In a recent interview with Article 66, Rubén Arriola, from Consumer Management Consulting, affirmed that this measure is a momentary relief for Nicaraguans, “because if they —the Ortega government— are going to assume 100 percent of oil derivatives without any reduction, Solomonic is the measure (…) because it comes to solve a little the economic crisis of all families ».
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The expert explained that given the constant increases in fuel prices, a reform of the Hydrocarbons Law, Law 277, is urgently needed, “so that in this way prices can be controlled more directly.”
He added that the most viable thing would be that of the four taxes that hydrocarbons have, “at least eliminate two, since this would lower the cost of fuel in Nicaragua and the benefit would be greater.”
Despite the fact that fuels have been getting more expensive since 2020, the Ortega government assures that it is “concerned about the impact that these prices have on the family economy and the economic sectors of the country.”
oil down
While in Nicaragua it is announced that the prices of fuel and liquefied gas will continue to be frozen “for the benefit of Nicaraguans”, at the international level, oil prices drop.
For this April 22, the price of Brent oil falls to 106.72 dollars, losing about -1.61 USD (-1.49%) compared to 108.33 at the close of Thursday in London.
As for the price of WTI oil, it falls to $102.26, losing about -1.53 USD (-1.47%) compared to 103.79 at the close on Thursday in New York.
Although the Ortega-Murillo regime maintains that it cares about the well-being of Nicaraguans, citizens continue to resent the high cost of the basic food basket.
