The government estimates that the price of a liter of diesel will rise by four cents next week and that the price of gasoline will remain unchanged, having decided to keep ISP rates unchanged.
“According to market data, the price of diesel is expected to rise by four cents per liter next week, while the price of a liter of gasoline remains unchanged,” the Ministry of Finance said in a statement.
Based on this development in the price of a liter of diesel, the weekly mechanism for reviewing the unit rate values of the ISP “will determine a reduction of 0.6 cents per liter of diesel (and gasoline maintenance)”.
However, “taking into account that there is currently a cumulative deviation of 2.2 cents in the ISP rate per liter of diesel,” the decrease resulting from applying the formula (0.6 cents per liter of diesel) “is subtracted from the aforementioned deviation, and therefore no personify the change in ISP rates”, says the ministry.
In the case of gasoline, the deviation is currently 0.9 cents per liter, and the rate remains unchanged.
That way, the ISP’s temporary deduction of 4.7 cents per liter for diesel and 3.7 cents per liter for gasoline will remain unchanged for the next week.
It should be noted that as a way to mitigate the rise in fuel prices, the government decided to create a compensation mechanism through which ISP rates would be adjusted according to the increase in VAT revenue generated by the increase in the selling price of diesel liter. and gasoline.
This adjustment is made weekly and is added to the discount of 1 cent per liter on diesel and 2 years on gasoline, in effect since October.
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