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Caribbean-Latin America
Bolivians protest fuel price hike
2011-01-01
[Iran Press TV] Thousands of demonstrators have taken to the streets across Bolivia to protest the recent jump in fuel prices in the country.

Protesters marched through the streets in capital La Paz and other cities across Bolivia on Thursday, demanding from the government of President Evo Morales to repeal the hike.

The demonstration in La Paz started peacefully but turned violent after police prevented protesters from entering the main plaza where the presidential palace is located, AP reported.

Police used tear gas to disperse protesters that blocked main roads in urban centers and attacked public property.

This comes as a public transport strike continues to paralyze daily life in several cities. A walkout in La Paz has brought public transportation in the Bolivian capital to a complete standstill.

The jump in prices was announced suddenly on Sunday, with gasoline prices jumping 73 percent and diesel prices soaring by 83 percent. The move has led to a rapid increase in food and transport prices across the country.

Fuel prices were kept fixed for six years in Bolivia, but the government says it can no longer subsidize them, especially since much of the fuel is smuggled to neighboring countries. It also describes the measure as a vital tool to cut imports and spur investment in oil output.

Morales' government, on the other hand, has announced plans for mitigating the economic effects of the move, including a 20-percent increase in the salary of public workers and new assistance to rice, corn and wheat farmers.
Posted by:Fred

#2  another Bloviating Bolivarian Tinpot gobsmacked by reality. Hope he's dead in 2011
Posted by: Frank G   2011-01-01 13:40  

#1  Evo caves...

Bolivian President Evo Morales has reinstated subsidies on petroleum products after protests over higher fuel prices, the state-run news agency ABI reported Friday.

Morales made the announcement from the government palace after meeting with his Cabinet, trade unions and social organizations in La Paz, the news agency said.

Supreme Decree 748, which ended the subsidies, was issued Sunday. On Monday, gasoline and diesel prices rose dramatically, sparking widespread protests in major cities.

"I want to say to the Bolivian people that this means that all the measures remain without effect," he said. "There exists no justification now to raise the cost of travel or to increase the price of food ... everything returns to the way it was before."
Posted by: tu3031   2011-01-01 12:10  

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