Fuel price cuts 'not enough,' says Honduran association urging public investment

Recent reductions in fuel prices in Honduras are not enough to alleviate the financial strain on citizens, according to Obed García, director of Economic Governance at the Association for a More Just Society (ASJ). García called on the government to prioritize public investment.

While the sustained decrease in fuel costs over recent weeks could contribute to economic stability, García warned that other structural expenses continue to burden Honduran households. The Secretariat of Energy announced this Friday that fuel prices would drop by up to five lempiras for the next week. Super gasoline will see a reduction of 4.31 lempiras, bringing its new price to L. 135.22, while regular gasoline will decrease by 4.10 lempiras, costing L. 125.03.

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these reductions are not enough

Despite these adjustments, García emphasized that the price drops are insufficient. He urged the Honduran government to focus on public investment, improve the road network, and enhance energy services, among other costs that contribute to rising prices for basic goods. The price of beef, for instance, has increased by four lempiras in the last two weeks, impacting consumers.

Adalid Irías, president of the citizen initiative for food defense (Defco), reported that 16 basic food products saw price increases last week. He called on businesses that raised their prices during the fuel cost escalation to also implement reductions on food items.

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This is the moment for businessmen who increased their prices during the escalation of fuel prices, to also make downward adjustments in food products.