Gasoline subsidy extended until August 14

The subsidy that sets the price of a gallon of 91 octane gasoline and diesel at $.3.25, has been extended by the National Government, after being approved by the Cabinet Council, which approved maintaining the benefit until August  14.

According to the Executive, this decision extends the effects of Article 1 of Cabinet Resolution No. 60 of May 19, 2022, which temporarily stabilizes the price of fuel, with a contribution from the State up to the sum of $10 million.

“With this measure, the National Government seeks to continue promoting economic growth in sectors such as agriculture, livestock, industry, and tourism, among others, in addition to not increasing the price of the ticket for the population, as well as guaranteeing the generation of jobs and that inflation in Panama remains among the lowest in the world,” they pointed out.