Chile's National Petroleum Company (Enap) released its weekly price report, showing rises in gasoline and diesel prices from Thursday, April 16. 93-octane gasoline will increase by $20.2 per liter and 97-octane by $22.3, while diesel rises $36.4. The Mepco mechanism cushioned the hike, according to the undersecretary of Finance.
Enap released its weekly reference fuel prices effective from Thursday, April 16. The report shows 93-octane gasoline rising $20.2 per liter, 97-octane $22.3, diesel $36.4 and vehicle GLP $36.5. Kerosene shows no change.
In the Metropolitan Region, current average prices are $1,537 per liter for 93-octane, $1,589 for 95-octane, $1,643 for 97-octane and $1,510 for diesel, according to the CNE's bencinaenlinea site. With the adjustment, reference prices would reach $1,557, $1,610, $1,665 and $1,546 respectively.
Undersecretary of Finance Juan Pablo Rodríguez stated that without the Fuel Prices Stabilization Mechanism (Mepco), the increase would have been much larger. Enap clarified that its publication does not set or regulate final prices, which are autonomously determined by distributor companies.
This differs from the March 26 adjustment, when the government neutralized Mepco, leading to historic rises: $372.2 for 93-octane, $391.5 for 97-octane and $580.3 for diesel, due to fiscal pressures and high global oil prices from the Iran war.
