Bolivian President Rodrigo Paz announced the elimination of the diesel subsidy in Bolivia, which as of this Saturday is being quoted according to the international market, and announced a series of economic measures to counteract the effect of said measure on the economy.

[Evo Morales: Diesel Subsidy Withdrawal Is a Punishment for Producers: Bolivian President Rodrigo Paz Announces Diesel Subsidy End](https://www.telesurenglish.net/bolivian-president-rodrigo-paz-announces-diesel-subsidy-end/)

“We have made the decision that as of today, diesel will cost us the same as it costs us to buy it abroad. We cannot buy expensive to sell cheap so that a few can steal it,” said the president in a recorded message broadcast on national television.

This readjustment raises the price of diesel from 9.80 bolivianos (1 dollar) to 17.95 bolivianos (1.83 dollars). Although the cost of said fuel had been adjusted since August 17 only for “large consumers.”Paz announced that Bolivia’s resources “will no longer be used for this subsidy,” but will be allocated to the construction of public infrastructure such as schools, hospitals, and roads.

🚨 Rodrigo Paz elimina el subsidio al diésel y lo comercializará a precio internacional

🔴 El presidente de Bolivia, Rodrigo Paz, anunció la eliminación del 100% del subsidio al diésel en el país, afirmando que a partir de ahora se comercializará a precio internacional para… pic.twitter.com/gW6sn4pm7U

— teleSUR TV (@teleSURtv) September 19, 2026

He also said that 2.9 million people will receive a new payment of the Extraordinary Protection and Equity Program (PEPE) bonus and that the Government will allocate 800 million bolivianos (81.6 million dollars) in credits with preferential conditions for heavy cargo transporters, guilds, artisans, and small merchants.

The president withdrew the fuel subsidy that had been in effect since 2005 in December, although in January he had to issue a new decree with that measure after protests from labor unions that questioned other provisions of the original norm.

At the beginning of July, the Executive issued a decree that keeps the fuel prices established in December fixed for another six months, given the application of the flexible exchange rate for the dollar and external factors that affect the international price of fuels, which the country imports for the most part.

With this last measure, the stable price is maintained only for gasoline and other fuels, except diesel, although the commitment of the Bolivian Executive before international entities is to eliminate the subsidy completely starting in 2027.

From teleSUR English via This RSS Feed.