MercoPress. South Atlantic News Agency

Bolivian President admits inability to cope with imported fuel demand

Bolivian President Luis Arce Catacora admitted Friday that his country imported 90% of the fuel it consumed at a cost of around US$ 3 billion annually, a significant adjustment from US$ 1.5 billion in 2019. Given the rise in smuggling and the scarcity of hard foreign currency, the crisis seems to have entered some loop. Reducing public sector vehicle use and prioritizing fuel for essential services may not be enough to meet national fuel demand. “What country is going to put up with this?” he wondered. Read full article