They will take effect from Sunday, December 1. They are below the general price inflation expected for November and the last month of the year.
The Government made official this friday increases what will be in December. The light will increase 2%, the gas 2.7% and fuels 1% for tax charges, as confirmed to Scope Government sources. They are below the general price inflation expected for November and December.
In the case of fuels, to the 1% tax increase announced we must add the 2% peso depreciation foreseen by the Government for December (“crawling peg”) and the increase in the price of a barrel of Brent (reference point for Argentina). In total, fuels will increase in December up to 3%.
The tax increase in fuels was published this Friday in the Bulletin Official, with the signatures of President Javier Milei, the Minister of Economy Luis Caputo and the Chief of Staff Guillermo Francos. According to the decree, they are “deferred remaining increases corresponding to the updates” of the last quarter of 2023 postponed by the then Frente de Todos government and the first quarter of this year.
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These increases are added to the 3% for the rate of water in the Buenos Aires Metropolitan Area (AMBA), announced by AySA, the state water company managed by the national government.
The update of rates is in line with the policy of reducing subsidies for public services carried out by the Government. So far this yearelectricity accumulated a rise of 189% and gas 564%according to data from the Observatory of rates and subsidies of the UBA and Conicet.
AySA will apply service cuts and restrictions to those who do not pay for water
In addition to the rate increase, AySA announced that it will begin to cut and restrict the service of users who have debts. However, today, the total removal of water supply to residential homes is a practice that is prohibited by law.
“This practice has been implemented in recent months,” he told Scope the Bachelor Hernan Herreramember of the Argentina Grande Institute. What the company does when cutting off the supply to the residential user is “leaving a minimum flow,” he specified.
Source: Ambito
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