what will happen with the withholdings and the increase in rates

what will happen with the withholdings and the increase in rates

The national government ordered an increase in gas and electricity rates from June 1which will not consider the subsidy segmentation which is still being worked on.

The Secretary of Energy, led by Darío Martínez, issued a resolution this Friday so that the Enargas and the ENRE order the increases, which will be between 18.5% and 25% for gas, according to the region of the country, and 16% for electricity.

In turn, this Saturday it became known, through the publication of the decree in the Official Gazette, that the national government ordered a new system of access to foreign currency for the incremental production of hydrocarbonswhich seeks to encourage increased oil and gas production by making access to the foreign exchange market more flexible for companies in the sector.

“It’s not a rebound, it’s an economic recovery”, expressed Martín Guzmán in another excerpt from the interview and clarified that, according to his point of view, “at the productive level we have a different country than the one in 2019.” Regarding exports, he said that “if we put quotas we will have fewer dollars” and he was forceful: “There will be no withholdings or export quotas,” during an interview with AM750.

Source: Ambito

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