NewsWhore
06-11-2008, 01:40 PM
Industry and Commerce Minister Melanio Paredes has announced that the LPG (propane) subsidy would be phased out come August. Paredes said that any subsidized LPG would be for household use and for the 27,000 little cars called "publicos" that serve passengers along specified routes. Paredes told Hoy reporters that his ministry was all set up to carry out the new policy after 16 August, when Leonel Fernandez begins his third term in office. Paredes clarified that as the subsidy has been budgeted, it will remain in place until the new presidential term begins in August. The final decision will be taken during this week's meeting of the Presidential Economic Cabinet. Among the figures quoted by Paredes was the fact that 52% of all imported LPG was used in the transportation sector, in industry or for electricity generation or for fueling high-consumption SUVs. Paredes said that the government could simply not continue to subsidize such consumption.
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