Chilean Government seeks to moderate increase in fuel prices
Chilean Government seeks to moderate increase in fuel prices
5 de agosto de 2021, 0:30
Santiago, Chile, Aug 5 (Prensa Latina) The Chilean Ministry of Finance reported that it has made adjustments in methods to set fuel prices, after 35 weeks of rising gasoline prices. The upward trend in fuel prices in the country led to some types of gasoline exceeding 1,000 Chilean pesos (about 1.30 US dollars) a liter, which generated protests from carriers and drivers.
The Treasury informed on Tuesday night that it will make adjustments to the Fuel Price Stabilization Mechanism (FPSM), insistently requested by some economists and business sectors, with which it seeks at least to moderate the sustained increase in prices.
Chile, buoyed by copper price and vaccines, sees 2021 GDP growth at 7 5%
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Chile, buoyed by copper price and vaccines, sees 2021 GDP growth at 7 5%
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RIO DE JANEIRO, BRAZIL – An opposition-sponsored bill to impose a royalties tax on mining companies in Chile could generate “significant economic impacts,” affecting employment and future fiscal income from mining as well as potential production, the country’s finance minister told lawmakers on Wednesday.
The bill in its present form could hike taxes on miners by up to 75% depending on the price of copper, Chile’s key export, Finance Minister Rodrigo Cerda said in a presentation to the Senate Mining committee.
“Were we to have a very high tax burden, it could have a knock-on impact against future investments that could generate jobs in the sector and higher tax revenue,” he said.