Enargas and IN RE They reversed course and did not publish what should be the automatic update of the rate tables. On social networks, the Minister of Economy Luis Caputo He explained that the Government decided to prioritize its fight against inflation and that for this reason electricity and gas will continue to maintain the same costs.
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The tariff tables corresponding to the month of May were stipulated in advance, after the strong increases applied during the first four months, which reached 200% in electricity and more than 300% in gas. The price of fuel was also due to be updated, but the Government announced that it will publish a decree postponing the tax increase.
Consulted on social networks, the Minister of Economy Luis Caputo explained that the Government’s measure is due to the new “fiscal comfort.” “We are comfortable fiscally, we prioritize lowering inflation and not burdening the middle class with more expenses for the moment.“, he assured in his X account.
The automatic update of rates was to come into effect this Wednesday, May 1, but the electricity and gas regulators did not publish the new tables and the Government explained the reasons.
The Government’s announcement on the fuel, electricity and gas increases planned for May
In order to delay the increases, the Executive Branch announced that will publish a Decree in the Official Gazette indicating until when the increase will be postponed to the Fuel Tax.
“The National Government decided to defer the update corresponding to the fourth quarter of 2023 of the Taxes on Fuels and Carbon Dioxide for unleaded gasoline, virgin gasoline and diesel, to June 1, 2024,” they indicated this Tuesday in the afternoon.
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Why fuel increased despite the Government’s decision
The increase scheduled for this Wednesday, May 1, applied to the last tranche of the partial increase in taxes on liquid fuel (ICL) and carbon dioxide (IDC). Along with the updating of companies due to the devaluation and recomposition of profitability, It was expected that the impact on values would be around 7.3%.
Following the Government’s decision to postpone the update of the tax, The increase in sales prices at the pump remained at an average of 4%.
