Buenos Aires, December 19 (NA) — The government of President Rodrigo Paz announced a comprehensive fuel price adjustment and declared an Economic, Financial, Energy, and Social State of Emergency, according to the Argentine News Agency. This decision comes amid a critical situation marked by a shortage of foreign currency, inflation, and supply problems.
The so-called "Decree for the Fatherland," signed by Paz and his cabinet, empowers the state to act more swiftly to stabilize the economy and guarantee fuel supply.
Among the social measures announced to mitigate the adjustment, the following stand out:
- Increase of the minimum wage from 2,750 to 3,300 bolivianos (20%)
- Increase in the Dignity Income
- Creation of an Extraordinary Program for Protection and Equity
- Continuation of the Juancito Pinto Bonus until 2026
New fuel prices The Minister of Hydrocarbons, Mauricio Medinacelli, detailed the new values:
- Special gasoline: from 3.74 to 6.96 bolivianos per liter
- Diesel: from 3.72 to 9.80 bolivianos per liter
- Premium gasoline: from 7.22 to 11.00 bolivianos per liter
According to the government, this stabilization will generate additional fiscal resources that will be shared equally between the central executive and subnational governments to reinforce investment in health, education, and public works.
Critical scenario and reforms Paz described a complex panorama, with exhausted international reserves, a lack of dollars, and inflationary pressures. He also anticipated structural reforms, including incentives for private investment with legal security; the implementation of a positive administrative silence, and a plan for capital repatriation with zero tax.
