Haiti increases fuel prices amid economic crisis

Port-au-Prince, Dec 7 (EFE) .- The Haitian government announced this Tuesday an increase in the price of gasoline and other petroleum derivatives, which will come into force next Friday, in a context marked by the deepening of the economic crisis that it crosses the Caribbean country.

From 2010 to date, the State has lost more than 150,000 million gourdes (about 15,000 million dollars) due to the subsidy of petroleum products, the Minister of Economy and Finance, Michel Patrick Boisvert, said at a press conference.

“Prices have never changed at the pump. Last year, the State lost 30,000 million gourdes (about 3,000 million dollars). For this year, the situation becomes unsustainable,” added the minister, announcing that the State is phasing out fuel subsidies.

The gallon of gasoline will go from 201 gourdes ($ 2.01) to 250 gourdes ($ 2.5), diesel will go from 169 gourdes ($ 1.69) to 353 gourdes ($ 3.53), and paraffin now It will be sold at 352 gourdes ($ 3.52) a gallon, an increase of 189 gourdes ($ 1.89).

The justification used by the authorities is a 1995 law that establishes that when prices rise in the international market, Haiti must make the corresponding adjustments, and when the price falls, the country also does so.

“After consultations with the different actors involved, distributors, gas stations, importers, unions, we have reached the determination to establish the new prices that will come into effect as of this Friday,” added Boisvert.

In July 2018, the announcement of the increase in fuel prices caused several days of violent demonstrations in the streets and tensions in Haiti that shook the power bases of then-President Jovenel Moise and led to the resignation of Prime Minister Jack Guy Lafontant. .

(c) EFE Agency

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