2024-06-13 22:46:53
The Minister of Financial system, Juan Carlos Vega, stated that the choice to get rid of gasoline subsidies can’t be reversed. He gave an estimate of what the brand new gasoline value can be.
The nationwide authorities already has an estimate of what the rise in the price of Further and Ecopaís gasoline will likely be with the elimination of subsidies.
And the burden of standard gasoline subsidies within the nation is extra pronounced within the six provinces on the Coast and 4 within the central south. The factor is that in all of them 85 octane eco-country gasoline is consumed, but it surely has ethanol as a part. This gasoline at the moment has a subsidy of 80 cents per gallon.
This subsidy is 21 cents larger than the subsidy that the State provides to the additional (59 cents per gallon) which is the gasoline that prevails within the different 14 provinces of the nation: seven within the central and northern Sierra, Galapagos and the six provinces of the Amazon.
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Vega defined that the present value of Further gasoline is USD 2.47 per gallon and the anticipated enhance with out subsidy is USD 0.25 per gallon. That’s, the ultimate value can be roughly USD 2.72 per gallon.
Lately, when the Authorities analyzes the elimination of gasoline subsidies, the distribution of gasoline in every province can be an element to keep in mind.
In Ecuador, the best subsidy gasoline, which is ecopaís, can be probably the most consumed. In accordance with knowledge from the Chamber of Distributors of Petroleum Derivatives, in 2023, 624.07 million barrels of eco-country gasoline had been consumed. However, in the identical yr, 527.21 million barrels of additional gasoline had been bought.
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