The President of Paraguay, Mario Abdo Benítez, signed a law on Tuesday that repeals a subsidy granted to state-owned Petroleos Paraguayos (Petropar) to lower the price of two of the most consumed fuels in the country.
Abdo Benitez sanctioned the initiative approved a day earlier by both houses of Congress, which repealed a bill that created a fund to stabilize the cost of fuels from a $100 million loan.
In addition, the regulation repealed a law endorsed by Parliament on March 24, which established “transitional measures” for the sale at subsidized prices of type III diesel and 93-octane gasoline on the network of state-owned Petroleos Paraguayos (Petropar).
With the new Law, identified as 6906 of 2022, the free pricing scheme is maintained in the Paraguayan market.
The presidential decision was announced when trucks from private fuel distributors complete their second day parked outside the Petropar headquarters, in the town of Villa Elisa (center).
The vendors warned that they would remain in place awaiting the president's approval of the Congress bill.
Distributors called Petropar's subsidy - which covers 14 per cent of the market - as unfair competition and warned of the possible bankruptcy and loss of some 30,000 jobs in that sector.
For their part, the truckers guilds, which are opposed to international credit, announced that in the coming days they will rule on the new law.
Fuel increases led truck drivers and other private drivers to call for protests on March 14, which lasted for more than a week with roadblocks.
(With information from EFE)
KEEP READING:
Últimas Noticias
Debanhi Escobar: they secured the motel where she was found lifeless in a cistern
Members of the Specialized Prosecutor's Office in Nuevo León secured the Nueva Castilla Motel as part of the investigations into the case
The oldest person in the world died at the age of 119
Kane Tanaka lived in Japan. She was born six months earlier than George Orwell, the same year that the Wright brothers first flew, and Marie Curie became the first woman to win a Nobel Prize
Macabre find in CDMX: they left a body bagged and tied in a taxi
The body was left in the back seats of the car. It was covered with black bags and tied with industrial tape
The eagles of America will face Manchester City in a duel of legends. Here are the details
The top Mexican football champion will play a match with Pep Guardiola's squad in the Lone Star Cup
Why is it good to bring dogs out to know the world when they are puppies
A so-called protection against the spread of diseases threatens the integral development of dogs
