El Salvador will continue to have the lowest fuel prices in the region

El Salvador has been the country with the lowest fuel prices in all of Central America since the conflict between Russia and Ukraine hit the world with inflation, and the situation will continue to be that way for the next few days thanks to three containment initiatives in the supply costs approved yesterday by the deputies of the Legislative Assembly.

The first, referring to the extension of the temporary regime of suspension of application of the Special Contribution for the Stabilization of the Rates of the Collective and Massive Public Passenger Transport Service (COTRANS), was approved with 68 votes.

The said initiative will allow the suspension of the application of the COTRANS of $0.10 per gallon for a period of 40 to 45 more days, with the purpose of allowing the population to continue acquiring gasoline at the lowest cost in the region.

«For superior gasoline, the price per gallon in the central zone should be $4.31, for the west and east $4.32. For the regular, in the three zones, it must be priced at $4.15 and the diesel in the three zones at a value of $4.14», «explained the Minister of Economy, María Luisa Hayem.

The second initiative that was endorsed with 70 votes in favor was the extension of the temporary regime for the suspension of the application of the charge related to the special account for stabilization and economic development (FEFE), to suspend the application of the charge of $0.16 per gallon of gasoline.

Also, the legislators endorsed, with 72 votes in favor, extending the Temporary Special Law to set the maximum fuel prices, which has been in force until August 31, so that they continue in the same way for the next few days.