Further, on June 30, the period for exemption from Selective Consumption Tax (ISC)which has been applied to the prices of fuels such as diesel, gasoline, and gasolines with an octane rating of 90 and 84.
Given this, the Minister of Economy and Finance (FEM)Oscar Graham indicated that the measure will not be extended because it indicates that groups whose activities do not affect the distribution and production chain of essentials are benefiting from it, so now it’s time to fix it.
The MEF has now introduced additional measures for 84 and 90 octane diesel and gasoline, and stores LPG and 84 octane gasoline in the Fund for the Stabilization of Fuel Prices (FEPC), but petrol 90 there will be no more support.
The newspaper “Gestion” claims that in the absence of a measurement of this type of gasoline, which will be the most used fuel in the country, from July 1, you can see its price increase.
According to Macroconsult economist Diego Rosales, the price of a gallon of 90 octane gasoline will immediately increase by 1.34 surpluses, as the amount paid by this gas Search.
Rosales points out that until last week, the average price of 90 octane gasoline was S$22.3 per gallon, and now it could rise to more than S$23 per gallon.
From my side, Osinergmin indicates that a gallon of 90 octane gasoline currently costs between S$19.19 and S$26.15 in Lima.
Measures for other fuels
The government recently issued Supreme Decree 007-2022-EM stating that they are in compliance with diesel price stabilization for two months.
Now it is indicated that the compensation provided by the state for diesel fuel in Fuel Price Stabilization Fund It ranges from S/2.50 to S/4.99 to favor freight and passenger transport companies in the midst of carrier strikes.
With this band Prices FEPC will increase from 13.50 to 12.01 shillings per gallon, which implies a decrease of 1.49 shillings.
“This measure will keep the consumer price for diesel fuel temporarily stable and will gradually modulate in accordance with the dynamics of world oil prices, as well as the work of the FEC itself,” the IEF said.
According to the ministry, without this measure, the price of diesel will cost the consumer 23.6 trunks per gallon, rather than the average of 17.3 trunks.
On the other hand, it is known that 84 octane gasoline and LPG will continue to be supported under the EPC.
Source: RPP
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.