In a context of loss of purchasing power and in order to contain inflation, the Government decided to postpone again the increases in electricity and gas rates, scheduled for July. The increases would have represented an additional impact of between 2% and 3% for households, businesses and industries.
Simultaneously, the Minister of Economy, Luis Caputo, announced an increase in fuel taxes, which will translate into a 1% increase in the price of gasoline and diesel as of July 1.
According to TN, these measures are intended to maintain a process of disinflation while the mechanisms for subsidizing energy rates are readjusted.
The companies affected by this decision include Transener, Edenor, Edesur, TGS, TGN, Metrogas, Naturgy, Camuzzi and Ecogas, which had previously agreed on periodic adjustments with the Executive under a monthly indexation formula.
However, this system will be re-evaluated with a perspective that incorporates projected future inflation. The latter is what was postponed again.
As anticipated by TN, the Energy Secretariat headed by Eduardo Rodríguez Chirillo had already decided that the increase in winter gas costs would be assumed by businesses, industries and high-income users, while progress would be made in the gradual removal of subsidies to low and middle income users. In the same way, it did so at the beginning of June with electricity rates.
