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Middle East Conflict Sends Fuel Costs Soaring as Countries Rush Out Consumer Relief

Governments are deploying short‑term tax relief to cushion consumers from the price shock.

El GLP se puede encontrar desde S/10, gasolina S/18 o S/20 y el diésel a partir de S/21.
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Tras crisis del gas, hace falta una política y un plan para diversificar fuentes de energía
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Overview

  • Global benchmarks jumped as Brent closed near $112 a barrel and WTI near $98, with attacks on energy facilities and a choke on traffic through the Strait of Hormuz tightening supply.
  • In Peru, diesel prices climbed about 47% in weeks, gasoline and GLP rose sharply, and mototaxi drivers reported scarce GLP and pump quotes of S/12–14 from previous S/6.50–7, with about 45% of Lambayeque transport firms raising fares.
  • Producer Consorcio Camisea said it kept GLP prices unchanged at its Pisco plant and noted roughly 76% of the final GLP balloon price stems from distribution and taxes; GNV/GLP flows were restored March 14 but retail tightness persists.
  • Mexico reactivated IEPS fuel stimuli for March 21–27, granting 1.61 pesos per liter for Magna, 0.42 for Premium, and 4.55 for diesel, marking the first gasoline support since April 2025.
  • Spain’s fuel VAT cut from 21% to 10% took effect, with drivers seeing pump reductions of roughly €0.15–€0.24 per liter, even as average prices hover around €1.80 for gasoline and €1.94 for diesel.