Government suspended the increase in gas service through networks which was scheduled for this month, by order of the Minister of Economy, Luis Caputo, which seeks to maintain inflation at the single-digit level it reached in April. For May, increases of between 350% and 400% were planned depending on the type of user.
The inflation level is one of the few results that can be boasted about the national administration, and in particular Caputo, although it should be remembered that it was the government itself that triggered the rise in prices in December, with the devaluation that it carried out among its first measures.
The suspension of the increase in gas rates It was known this Monday through resolution 224/24 of the National Gas Regulatory Entity. The officialization came a week after the announcement made by Caputo, who sent a letter to the Secretary of Energy to implement the suspension.
The regulations ordered “maintain unchanged the Transition Rate Tables and Rates and Charges for Services effective as of April 3, 2024” and notify the licensees of the public gas transportation and distribution service, as well as Redengas SA.
Among the recitals, resolution 224/24 indicates that on May 8, Caputo considered in a note to the Ministry of Energy that it is “reasonable and prudent” to postpone the planned updates “in order to consolidate the disinflation process carried out by the government.”
He Suspended increase would have directly impacted the May CPInot only due to household rates, but also due to the increase in spending by companies that use fuel as an input for production.
Although official sources stated that the suspension was only for this month, the door was left open for new postponements depending on the course of inflation.
