President of Peru announces measures against fuel increase | News

The president of Peru, Pedro Castillo, announced on Tuesday a series of measures aimed at mitigating the rise in fuel prices due to the impact of hydrocarbons at the international level.


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“To deal with the rise in fuel prices, we have taken targeted measures. 84 and 90 octane gasoline, 84 octane gasohol and bulk LPG have been included in the Fund for the Stabilization of Fuel Prices (FEPC), ”explained the president.

In this sense, the president argued that this measure will allow subtracting the impact of the rise in prices in the external market, in addition to reducing the impact on the pockets of people from lower income sectors.

“It will be complemented by a temporary increase in the FISE (Energy Social Inclusion Fund) discount voucher, from S/20 to S/25 per gas cylinder, benefiting nearly 800,000 low-income families nationwide, which will also be expanded to common pots”, asserted the head of state.

To conclude, President Castillo recalled the commitment that the State has with the people and affirmed that his Executive will continue “working to improve the quality of life of more Peruvians.”

As a result of the beginning of the conflict between Russia and Ukraine and the measures imposed by the Western powers on Moscow, the prices of hydrocarbons have skyrocketed in the world, reaching record figures, exceeding 110 dollars per barrel.

It is worth mentioning that at the beginning of this month, the state oil company Petroperú had already reported an increase between 5 percent and 13 percent in most of its fuel prices.