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2026-07-29 23:11 UTC → 2026-07-30 08:28 UTC ·
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In Since mid‑July 2026, reports noted that fuel prices in across Central and South America were moving have risen sharply in line with worldwide global oil market changes. By the end of the month, national dynamics. National oil companies and regulators across the region disclosed sharp have announced steep increases in gasoline and diesel costs. diesel, prompting governments and industry groups to explore subsidies, tax relief, or temporary import programmes to mitigate the impact on transport, logistics and household budgets. On 30 July, Chile’s ENAP announced price rises state‑owned Empresa Nacional del Petróleo (ENAP) confirmed a three‑week hike of $32.9 per litre for 93‑octane 93‑ and 97‑octane gasoline as well as and $28.5 per litre for diesel. Mexico’s consumer‑protection agency recorded near‑record diesel prices. In response, Bolivia’s heavy‑transport sector suggested a temporary tax‑free diesel The adjustment reflects higher import programme, while Guatemala’s Congress prepared costs from the US Gulf Coast, maritime freight charges and the parameters of Chile’s fuel‑price stabilization mechanisms (MEPCO and the Fuel Stabilization Fund). ENAP linked the increase to debate heightened Middle‑East tensions, a diesel subsidy rebound in Brent crude to around US$90‑100 per barrel, and other parties called for broader fuel‑tax cuts. Similar pressures were observed a stronger Chilean peso, while noting that final retail prices are set by independent distributors. These developments echo earlier moves in Mexico, Bolivia, Guatemala, Spain’s Andalusia, Venezuela, Ecuador and Cuba. The trend heightened concerns for transport, logistics and household budgets, prompting governments and industry groups to consider Cuba, where authorities have debated diesel subsidies, tax relief, cuts or temporary tax‑free import measures schemes. The regional trend continues to lessen the impact on consumers pressure transport operators and the economy. consumers, keeping fuel‑price inflation high as governments weigh further policy responses.