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Government of Panama extends fuel subsidy until January 15, 2023


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Reprinted from The Panama Perspective

Government of Panama extends fuel subsidy until January 15, 2023

 

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The Government will extend the subsidy until January 15, 2023, keeping the price of the gallon at $3.25 for 91- and 95 octane, as well as low-sulphur diesel, with the aim of continuing the dynamization of the country’s economy.

This subsidy represents a fiscal effort for the State in the midst of the austerity measures adopted as a result of the war

If this subsidy is not applied, the 95-octane gasoline gallon would cost $4.12; the 91-octane gallon would be $3.91 and diesel would cost $4.25.

 

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