Uruguay: fuel price freeze announced

The government of Luis Lacalle Pou decided to keep fuel prices frozen in Uruguay during November, despite a report by advisers recommending an increase. The move will be financed at a cost of $186 million to state oil company Ancap.

According to the Presidency’s statement, the measure, promoted by the executive, will be extended throughout the month of November with the aim of “continuing support for economic recovery and minimizing the impact on production chains”. At the end of October, the action aimed to contain one of the most . . .

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