Gasoline Prices Jump Up to Q8 Per Gallon After Subsidy Ends

Guatemalan consumers are facing higher fuel costs as gasoline prices have surged by as much as Q8 per gallon after the government ended its subsidy program. This price hike comes into effect just days after the subsidy's conclusion, impacting household budgets.

Data from July 2 to July 6 shows that diesel averaged Q35.29 per gallon. Regular gasoline was priced at Q36.09 per gallon, while premium gasoline reached Q37.09 per gallon during the same period. These figures represent the prices before the full impact of the subsidy's removal was felt.

A subsequent monitoring report on July 7 confirmed the increases in gasoline prices. This observation was made merely five days after the subsidy officially ended, indicating a rapid adjustment by fuel retailers to the new market conditions. The end of the subsidy marks a significant shift for drivers who had benefited from the reduced prices.