The Chilean government is beefing up a system used to mitigate retail fuel price increases.The right-of-centre government of President SebastianPinera is preparing to send a new fuel price bill to congress,along with a tax reform package aimed at funding education."We will strengthen the system of protecting consumers inthe face of increases in fuel prices, creating a mechanism ofvariable taxes, so that when the fuel price is high, the taxesdecrease, the treasury collects less and consumers pay less.And the opposite occurs when the fuel price is low," Pinerasays. "The mechanism undoubtedly will lessen the fluctuations in the fuel price and will alleviate family budgets."
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