The increase in fuel taxes will also be deferred, as in May and June.
Economy Minister Luis Caputo has decided that electricity and gas rates will not increase due to inflation starting in July, although the ministry will continue to work on defining a new mechanism for monthly indexation of bills.
The increase in the fuel tax (ICL) scheduled for next Monday will also be deferred, as in May and June. This was confirmed to Infobae fountains of the Treasury Palace.
The government does not want to jeopardize the slowdown in inflation, which could have been halted in June, so it will move forward with postponing increases in sensitive areas for consumers. Obviously, this implies greater future pressure on retail prices but a short-term relief for the pocketbook.
In the next few hours, the Executive Branch will publish a decree in which it will postpone the increase in the ICL scheduled for next Monday, as it happened in May and June. From July 1, the increase in the tax will result in an increase of only 1% in the final prices of gasoline and diesel, less than the 18% expected.
