By Pablo Barrera / Image from the Government of Guatemala
In response to the increase in fuel prices affecting the economy of Guatemalan households, the government of President Bernardo Arévalo de León announced the introduction of a bill focused on providing immediate financial relief to the population. This information was released during a press conference this Friday, July 24.
According to official information issued by the central administration, the proposed regulation outlines a direct support scheme per gallon:
- Q12.00 of support per gallon of diesel.
- Q3.00 of support per gallon of regular gasoline.
Government authorities detailed that the funds necessary to finance this measure will come from an internal reorganization of the current budget. According to the Executive branch, this strategy will be implemented without the need to acquire new international loans or compromise the operational functioning of public institutions.
The government highlighted that the main focus of the measure rests on diesel due to the direct impact this fuel has on key sectors, such as public transportation and the distribution chain for food and basic necessities. The core objective of this differentiation is to mitigate inflationary pressure on family finances and the basic food basket.
With this proposed bill, President Arévalo's administration seeks to respond with actions aimed at cushioning the cost of living for citizens in the short term.
