Photorealistic depiction of soaring kerosene prices at a Santiago gas station, with concerned locals amid Chile's fuel crisis news.
Photorealistic depiction of soaring kerosene prices at a Santiago gas station, with concerned locals amid Chile's fuel crisis news.
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Kerosene price rises $107.4 per liter starting Thursday in Chile

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Enap announced a new $107.4 per liter increase in kerosene (parafina) prices, adding to last week's $107.9 rise, pushing Santiago prices near $1,400. The government is reviewing changes to Mepco and FEPP amid Middle East conflict pressures and fiscal constraints. Minister García Ruminot said a proposal will be resolved soon.

The National Petroleum Company (Enap) reported that starting Thursday, March 19, the reference price of kerosene will rise $107.4 per liter, following a similar $107.9 increase last week. In Santiago, parafina will approach $1,400 per liter, according to La Tercera data. Other fuels like gasoline, diesel, and vehicular LPG show $0 variations this week; new gasoline prices will be announced next Wednesday, as they adjust every three weeks by Enap, which does not set final prices—distributors do, factoring in U.S. Gulf Coast import costs, shipping, and mechanisms like Mepco and FEPP.

Cosa dice la gente

Discussions on X highlight outrage over Enap's $107 per liter kerosene price hike effective March 19, pushing Santiago prices near $1,400 amid winter. Left-leaning users criticize the Kast government for impacting the poor and contradicting stabilization promises. Supporters attribute it to prior rises under Boric, Middle East tensions, and kerosene's limited coverage by MEPCO/FEPP funds. Journalists note it's the second consecutive weekly increase.

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Chilean gas station showing historic fuel price hikes after government decree on Mepco, with queues of drivers and La Moneda palace in background.
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Government neutralizes Mepco and drives fuel prices to historic highs

Riportato dall'IA Immagine generata dall'IA

José Antonio Kast's government issued decrees tweaking the Mepco, allowing historic gasoline and diesel price hikes starting March 26. The move addresses surging oil prices from the Iran war and fiscal tightness, with relief for paraffin and transporters. Congress approved the bill after negotiations exempting SMEs from higher taxes.

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Motorists in the Philippines face another fuel price hike this week, with diesel rising by P1.40 per liter effective Tuesday, January 27. This continues a five-week upward trend for diesel. Gasoline and kerosene prices will also increase modestly.

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