President of Peru: Targeted measures will allow us to deal with fuel price hike

Photo: ANDINA/Presidency of the Republic

Photo: ANDINA/Presidency of the Republic

18:39 | Lima, Mar. 29.

The President of the Republic Pedro Castillo on Tuesday affirmed that a series of targeted measures have been taken to deal with the rise in fuel prices across the country.

He noted that such measures are aimed at mitigating the impact of the rise in oil prices at the international level.

In a post on Twitter, the Head of State remarked that 84 and 90 octane gasoline, 84 octane gasohol, and bulk LPG, have been included in the Price Stabilization Fund for Petroleum-Derived Fuels (FEPC).

"This measure will make it possible to mitigate the impact of the rise in the international price of oil and in fuels used by lower-income sectors," he said.

He also explained that this will be complemented with a temporary increase in the Energy Social Inclusion Fund (FISE) discount voucher from S/20 (about US$5.3) to S/25 (about US$6.6) per gas cylinder, which will benefit nearly 800,000 low-income households nationwide and will be expanded to include community kitchens.

"Our commitment to the people is firm. We will continue working to improve the quality of life for more Peruvians," he said.

(END) JCC/RMB

Published: 3/29/2022