He Cabinet Council approved the expansion of the price per gallon of fuel to $3.25 for gasoline 91 octane, just like diesel.
The extension of the subsidy starts tomorrow, 1December 5 and until January 5, 2024.
With this decision of the Executive Body, the effects of Article 1 cease to apply Government Resolution no. 60 of May 19, 2022which temporarily stabilizes the price of fuel with a state contribution up to the sum 3 million dollars.
“The extension of this measure represents a great effort and fiscal sacrifice of the National Government in order to reduce the high price of products and services for the population in general, and continue with the economic revival of the country”, explains the Presidency. in the edition.
In this way, efforts are being made to promote economic growth in sectors such as public transport, agriculture, animal husbandry, industry and tourism, among others. It also guarantees that inflation in Panama is among the lowest in the world.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
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