The Government of Nicaragua revalidated this Friday the freezing of fuel prices at the local level, so these will not experience variations during the week of July 24 to 31.
The measure was taken to mitigate the impact of international increases in oil costs, according to the Nicaraguan Institute of Energy (INE), which indicated that the State will assume “100% of said increases.”
With this decision, the price of a gallon (3.78 liters) of superior gasoline, used in light cars, will remain at 5.16 dollars; and that of regular gasoline, applied in old cars and SUVs, at 5.04 dollars. The gallon of diesel, used in cargo and collective transport, will remain at 4.55 dollars.
In the case of Liquefied Petroleum Gas (LPG), used in kitchens, the State “will guarantee that the same prices are maintained, without any adjustment, so that liquefied petroleum gas will not have any change in its price,” he said. the INE.
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Nicaragua completes 15 consecutive weeks with frozen fuel prices consecutively.
According to the Nicaraguan authorities, the freezing of fuel prices for transportation and cooking costs between four and six million dollars a week.
Since last week, the National Assembly (Parliament) of Nicaragua authorized the Executive Power to negotiate a loan with the Central American Bank for Economic Integration (CABEI) for 200 million dollars to reduce the impact of the increase in fuel prices on the Nicaraguan economy. .
The loan is part of a credit line of up to 800 million dollars, arranged by CABEI to finance a regional support program in the face of the global rise in fuel prices.
Fuel prices are established weekly by the distribution companies based on the variations in the international prices of these derivatives, “that is, these prices are not regulated by the State,” according to the INE.
