95 octane gasoline covers 59% of the subsidy for natural persons

As of this Sunday, hundreds of thousands of drivers using 95 octane gasoline will have to pay $1.19 more per gallon, because the subsidy that the government took on this fuel from July expires, freezing its price at $3.25 per gallon.

And that’s it the end of the gasoline subsidy that more payments represented the state as a subsidy, agrees with the gradual increase in oil prices at the international level.

That’s how in Panama and Colon they have to pay $4.44 per gallonwhile in Changuinola, the place where the most expensive gasoline is filled, 95 octane will be $4.63.

The government’s decision to freeze petrol prices for all motorists was forced after protests across the country, when 95 octane gasoline reached $6.00 per gallon.

Since then the adjustments have been downwards and even dropped below $4, but in the last four weeks It had some increases due to the decline in production.

For this Friday, the price is from A barrel of WTI oil was $78.07 driven by economic uncertainty and expectations of interest rate increases.

Until this Thursday, 95 octane gasoline represented 59% of the subsidy in the private sector, which represents 136.2 million dollars.

Drivers of personal vehicles are subsidized on a general level 232 million dollarswhile commercials with 162.8 million dollars.

In an interview with Telemetro, Carlos Rivera, National Secretary of Energysparked a debate on social media by commenting that there is no problem if a vehicle using 95 octane gasoline is put on 91 octane.

However, various publications on the Internet do not recommend this, and there is a common element, which is that if this happens, the car would break down. increase in fuel consumption.

In case of give yourselfl, the main fuel used by commercial vehicles, i 91 octane gasolinethe $3.25 per gallon freeze will be in effect until May 31.