Price Caps to be Maintained in Panama
The new government will continue with the price cap system implemented in September 2008 to regulate fuel prices.
Tuesday, June 9, 2009
The intention of the Organization of Petroleum Exporting Countries (OPEC) to press for oil prices to reach $75 per barrel at the end of 2009 is a major reason to give continuity to the price cap system set in 2008 when the price of fuel in Panama almost reached $5.
There is still no official information about whether brand name distributors will be able to keep importing fuel from their source of choice.
Fitch Ratings discussed the 2011 outlook for the transportation and energy sectors in Latin America.
The total purchases came to $ 7,467.6 million, 5.4% higher than in 2008.
The bill for the Central American Isthmus will increase to 42.8% at the end of this year compared to 2007, according to data from Cepal.
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