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Business & Finance

Bolivia Hikes Diesel Prices for Big Buyers to Tame Supply Shock

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Bolivia Hikes Diesel Prices for Big Buyers to Tame Supply Shock Bolivia’s government raised diesel prices 84% for larger consumers of the key industrial fuel, following shortages that caused long lines at gas stations. The price hike from just under 10 bolivianos to 18 bolivianos per liter takes effect on Monday. The new price will be updated weekly based on market prices to prevent subsidized fuel from straining state finances.

Bolivia Hikes Diesel Prices for Big Buyers to Tame Supply Shock Bolivia’s government raised diesel prices 84% for larger consumers of the key industrial fuel, following shortages that caused long lines at gas stations. The price hike from just under 10 bolivianos to 18 bolivianos per liter takes effect on Monday. The new price will be updated weekly based on market prices to prevent subsidized fuel from straining state finances.
Bolivia Hikes Diesel Prices (ORG) Bolivia (LOCATION)
Originally published by Bloomberg Markets Read original →