Fate of gas subsidy will known Feb. 15

Whether or not the  Government makes the decision to extend the fuel subsidy, will be announced by the National Secretary of Energy, Jorge Rivera Staff on February 15.

Rivera highlighted that, coincidentally, the evaluation mechanism that was taken for the Extraordinary Tariff Stabilization Fund is similar to what is taken with the fuel and diesel subsidy.

“In the coming weeks, the Cabinet Council will meet again with the Ministry of Economy and Finance to evaluate the fiscal capacity of the State at this time, the economic recovery process and the announcement would be made to the country,” he said.

The calculation they have for this month of fiscal impact is an additional $300 million dollars, which would be disbursed to support drivers.

 Staff highlighted that last year there was a decrease in consumption volumes for the first time during the months of May, June, and July when there was an increase of up to 6.00 dollars per gallon.