DistantNews
Support us
Gold miners reject 18 boliviano diesel price, demand government meeting
🇧🇴 Bolivia /Economy & Trade

Gold miners reject 18 boliviano diesel price, demand government meeting

From El Deber · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Bolivian gold mining cooperatives are rejecting a new government decree that sets diesel prices at 18 bolivianos per liter for large consumers.
  • The Federation of Gold Mining Cooperatives (Ferreco) calls the price increase "abysmal" and demands an immediate meeting with the government.
  • Ferreco questions why YPFB sells diesel at a higher price than private companies and demands transparency on import costs.

Bolivia's gold mining cooperatives are strongly opposing a new government decree that establishes a reference price of 18 bolivianos per liter for diesel sold to "direct clients and large consumers." The Federation of Regional Gold Mining Cooperatives (Ferreco) has rejected Supreme Decree 5676, deeming the price hike "abysmal" and demanding an urgent meeting with the national government.

There are private companies selling diesel between Bs 16.50 and Bs 17 per liter; it is not possible that YPFB sells it at Bs 18 per liter.

— Wilson AlanocaFerreco's president questioning the price difference between state-owned YPFB and private diesel sellers.

Ferreco's president, Wilson Alanoca, stated that the new decree was not subject to consultation and significantly impacts the mining sector. "As Ferreco, according to the meetings held in the board, we have decided to reject this supreme decree. We are demanding that the national government convene us immediately for a meeting," Alanoca declared.

As Ferreco, according to the meetings held in the board, we have decided to reject this supreme decree. We are demanding that the national government convene us immediately for a meeting.

— Wilson AlanocaFerreco's official stance on the new diesel pricing decree.

The cooperatives are particularly critical of the price set by the state-owned YPFB, questioning why it charges more than private companies. "Furthermore, there are private companies selling diesel between Bs 16.50 and Bs 17 per liter; it is not possible that YPFB sells it at Bs 18 per liter," Alanoca pointed out. He questioned whether the cooperatives should be expected to cover the operational costs and profits of YPFB employees and public institutions.

The increase is abysmal.

— Wilson AlanocaFerreco's description of the impact of the new diesel price.

Ferreco is demanding the establishment of a technical committee to clarify the real costs associated with diesel importation. The cooperatives argue that the current pricing structure is unfair and lacks transparency, disproportionately affecting their operations. Their rejection of the decree signals a significant point of contention between the mining sector and the Bolivian government over energy costs.

Should we have to pay for the profits of YPFB officials or public institutions?

— Wilson AlanocaFerreco's president questioning the rationale behind the high diesel price.
DistantNews Editorial

Originally published by El Deber in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog