Minister Luis Caputo seeks to ensure that it does not impact too much on the cost of living. Fuel taxes will not increase either.
The national government announced that electricity and gas rates will not have increases due to inflation in July to prevent inflation from rising further.
The increase in energy rates due to inflation should have started to be implemented two months ago, but the position of the Minister of Economy, Luis Caputo, does not want the drop in the Cost of Living in recent months to be reversed.
The decision was made, in principle, only for July rates. The measure is established for household consumption and depending on the billing date, probably most users would pay for it in August.
We remember that the government modified the maximum subsidized consumption limits and bonuses on wholesale prices of electricity and natural gas for N2 (low income) and N3 (middle income) users.
In the case of Gas rates will not increase in July either, as long as the user’s consumption is the same.
Also The fuel tax increase will be deferred, like May and June scheduled to start next Monday. Only a 1% increase will be applied to this item instead of a higher percentage.
It remains to be seen What positions will companies take next Sunday night and their transfer to the pumps.
The oil companies –YPF, Axion, Shell and Puma– could transfer 2% to the suppliers corresponding to the monthly devaluation of the peso in order not to lag behind international prices.
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