2024-09-27 02:21:59
Guayaquil Chamber of Commerce requests transparency from the Government about the destination that will be given to the savings that will be generated by the elimination of subsidies.
The Guayaquil Chamber of Commerce supports the elimination of the gasoline subsidy, but asks the Government for transparency about the destination that will be given to the net savings that the measure will generate.
The net savings from the elimination of the net subsidy on Extra and Ecopaís gasoline is estimated at USD 500 million, resources that, according to the Government, will be used to expand the coverage of the human development bonus and to compensation for affected groups of transporters, such as the taxi drivers.
historically unclear management,” the Chamber said in a statement. On the other hand, the union considers that the price of fuel should aim to be completely liberalized so that they adapt to the reality of the market. “In this way, this subsidy would be completely eliminated, as well as any incentive to smuggle these fuels,” the Chamber stressed.
The Government has explained that the elimination of the fuel subsidy, scheduled for the end of June, will be carried out in two stages. Initially, the price will rise from USD 2.465 per gallon to USD 2.72.
After that, it is planned to establish a system of price bands, in which fuel may increase by a maximum of 5% or decrease by up to 10%, depending on the variation in the international price of oil and fuels.
By: PRIMICIAS