Nicaragua still does not apply a fuel price increase

Nicaragua. The Nicaraguan government said on Friday that it will not implement the new fuel price increase scheduled for the week of April 17-23, the increase that will be assumed by the executive branch of the Central American country.

President Daniel Ortega, “who always thinks of supporting Nicaraguan families and the various economic activities of our people in connection with production and mass transportation, instructed the Ministry of Energy and Mines and the Nicaraguan Energy Institute to inform our people that the Government of Reconciliation and National Unity (GRUN), assumes with our resources increases The following interview is for the week of April 17-23, 2022, Managua announced.

According to an official statement, the Nicaraguan government will support the expected increase in the price of a gallon of diesel, estimated at 0.45 cents, as well as the price of liquefied petroleum gas (LPG), whose increase will be 0.83 cents dollars.

“In the case of premium and regular gasoline, prices will be maintained without any adjustment, assuming our government will increase by 100 percent,” the executive said.

This is the sixth week in a row that the Nicaraguan government has stopped the impact of the international rise in oil barrels in the Central American country, since the second week of March.

The government estimated that “the impact of these prices on the family economy and the economic sectors in the country is the main concern of the Presidency of the Republic.”

The administration of President Ortega directed the permanent monitoring of international oil prices and the study of emergency measures to mitigate the impact on the economy of the Central American country.

Source: (Sputnik)