The price of diesel will drop seven cents a liter next Monday, according to Treasury forecasts released this Friday. Gasoline has risen in price by a cent.
As of Monday, the average selling price of diesel fuel to the public is expected to fall by 6.8 cents, according to the ministry. The change forecast for May 16 is different in the case of gasoline, which should rise in price by one cent.
These values have already been calculated based on the reduction in the tax on petroleum products (ISP), which the government introduced on the 2nd. Next week, “ISP unit rates will remain unchanged, keeping the current discounts applied.” ., confirms the Ministry of Fernando Medina.
Thus, the ministry adds, global relief of the fuel tax burden through two ongoing measures – a mechanism for weekly review of service providers, effective since October, and reducing the unit rates of this tax to the equivalent of the VAT rate of 13%, effective since May – is still will be “only 21.5 cents per liter of diesel fuel and 22.5 cents per liter of gasoline.”
The government said the ISP renewal mechanism, which ensures the return of emergency VAT revenue on each price increase, will be reviewed next Friday, May 20.
