Bolivia Raises Subsidized Diesel Quota for Small Farmers and Intervenes in YPFB to Address Fuel Crisis
Bolivia's government has increased the subsidized diesel quota for small agricultural producers to 2,500 liters per month, maintaining the price at 9.80 bolivianos (approximately US$0.81) per liter. This measure, enacted via Supreme Decree 5698 on September 2, aims to alleviate the impact of fuel shortages on farmers and address ongoing protests. Concurrently, the government has initiated an extraordinary intervention in the state oil company, YPFB, through Supreme Decree 5697, effective September 1. This intervention, which can last up to 180 days and be extended by 90 more, places YPFB's commercialization, logistics, and fuel traceability under the review of a six-member commission. The goal is to strengthen the import and distribution chain, investigate smuggling, hoarding, and diversions, and ultimately transition YPFB out of fuel sales to focus on exploration, production, and refining. These actions follow months of fuel lines and public discontent, exacerbated by a previous decree that removed diesel...