In order to curb the impact on the inflationhe Ministry of Economy announced on Tuesday night that 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 postponed. Furthermore, the government of Javier Milei decided to suspend for the moment the increases in gas and electricity rates that would have to be applied from May.
The news is known after the general approval and in particular of the chapters of the “Bases Law”, which deepens the adjustment plan of the far-right administration.
As of this Wednesday, it should begin to take effect the monthly update formula for gas and electricity rates that the Government designed so that the increases granted do not lag behind inflation.
Regarding fuels, based on the standard that will be published in the Official Gazette, the Government decided to defer the update corresponding to the fourth quarter of 2023 of Fuel and Carbon Dioxide Taxes for unleaded gasoline, virgin gasoline and diesel, to June 1, 2024.
Lack of precision
However, regulators Enargas and ENRE did not publish the new tariff tables waiting for a definition of the portfolio in charge of Luis “Toto” Caputo.
The organizations had already calculated how much the increase would be that would correspond to the companies: 10.69% for electricity distributors, 12.5% for gas distributors and 12% for gas transporters. Now everything was on hold.
Economy had to define whether it was advancing with a reduction in subsidies for low (N2) and middle (N3) income sectors in gas and electricity; if it increased the cost paid by businesses, industries and high-income households, and if it authorized the monthly adjustment of rates for companies.
In the end, none of those will happen and everything will continue as it was or worse, since inflation and The monthly devaluation remains at a rate of 7% and 2% monthly and increasingly low- and middle-income residential users are demanding more subsidies.
The increases that are coming: transportation and tolls
Starting May 2, tickets train in the Metropolitan Area of Buenos Aires (AMBA) will suffer an increase of 54 percent, which will take the value of the minimum ticket from 130 to 200 pesos (0-12 km), from 169 to 260 pesos (12-24 km) and from 208 to 320 pesos onwards.
The minimum ticket collective In the AMBA, meanwhile, it has remained at 270 pesos since February, but an increase of 22 percent is expected, which would help cover the salary increase demanded by the union of the Automotive Tram Union (UTA).
While in the City of Buenos Aires, the ticket subway It will go from 125 to 574 in May and will reach 757 approximately in one more month, which represents an increase of 506 percent in two months.
Likewise, since April 26, tolls on national routes and accesses to the City will increase by 200 percent, with minimum rates of 900 pesos at peak hour.
