He Government announced the decision to postpone the increase in fuel taxes, so that this increase does not impact the price of gasoline in May. The announcement was made through official media.
The Government updates the minimum wage but warns that it lost more than 34% of its value in 2024
The Government postponed increases in fuel taxes
“The National Executive Branch will publish a Decree in the Official Gazette, through which the date on which the update corresponding to the Fuel Tax will take effect will be deferred. The measure implies that there will be no increase for this concept in the month of May“, the message began.
Then he continued: “Based on the standard that will be published in the Official Gazette, The National Government decided to defer the corresponding update to the fourth quarter of 2023 of the Taxes on Fuels and Carbon Dioxide for unleaded gasoline, virgin gasoline and diesel, as of June 1, 2024.”
“This way, The measure guarantees predictability to the sector and establishes that there will be no increasefor these concepts, in the month of May,” the statement clarified regarding the objectives of the measure.
The Government postponed the electricity, gas and fuel increases scheduled for May
The Government decided to postpone the increase in electricity and gas
This thought also extends to the rates of light and gas, whose increases had been planned for the month of May. The aim is to deepen the deceleration of the inflation index.
The monthly indexation established by the Ministry of Energy did not materialize, again, so as not to generate a delay in real inflation. Neither Enre nor Enargas published next month’s tariff table.
Over the course of the first quarter of 2024, service increases increased significantly. In particular, the increase was 200% in electricity, 300% in gas, 209% in water and 410% in public transportation.
