The fuel subsidy cost the state more than $500 million

Last Friday, the fuel subsidy, which was applied from mid-2022, expired, which represented an expenditure for the state of more than 500 million dollars in this period.

The latest portal update fuel.panamasolidario.gob.pawhich was on January 3, noted that for the commercial sector the subsidized amount was 207 million 908 thousand 162 dollars and 70 cents ($207,908,162.70), while for the physical sector it was 296 million 774 thousand 741 dollars and 90 cents ( $296,774,741.90).

In total, freezing fuel prices at $3.25 a gallon for 18 months meant the state covered the difference from 504.6 million dollars.

At the individual level, the subsidy reached 880,335 vehicles and 95-octane gasoline covered the most of this government subsidy, at $137.2 million.

This information attracts attention because This gasoline was the first to come out of subsidyApril 22 last year.

He followed him diesel with $92.2 million and 91 octane gasoline with 67.3 million dollars.

In the non-particular sphere The subsidy was used by 482,333 vehicles, and those used for commercial purposes benefited the most with 124.6 million dollars, followed by taxis with 48.8 dollars. million and public transport with 26.5 million dollars.

Regarding oil companiesDelta (37.5%), Terpel (33.2%) and Chevron (21.1%) covered the subsidy the most.

According to Combustible Solidario, savings for private drivers was 19.6%while advertisements represent 20.6%.

By concluding the subsidy, Covered fuel prices are close to the frozen priceaccording to the last setting.

The 91 octane gasoline is 11 cents above $3.25, while diesel it is higher by 13 cents for cities Panama and Columbus.

The international oil prices They have remained stable in recent weeks, although there are tensions that could change them, such as problems with ships crossing the Red Sea in the Middle East.

Following Wednesday, January 10updated exchange rates for the next two weeks must be known.