The Government of Uruguay Monday announced a 12% increase in the price of fuels due to the increase in the international value of oil, a product that Uruguay imports 100%.
Venezuelan President Nicolas Maduro said on Friday that a US spy was captured near an oil refining complex in the northwest of the country, which is going through a severe fuel shortage crisis.
Brazilian inflation in July rose the most in four years, figures showed on Friday, driven by fuel and housing costs, although the annual measure remained significantly below the central bank’s year-end target. The IPCA index rose 0.36% in July, government statistics agency IBGE said.
Bolivians suffered long lines on the streets of La Paz on Sunday to secure chicken, eggs and cooking fuel as supporters of ousted President Evo Morales continued to cripple the country's highways, isolating population centers from lowland farms.
Ecuadorean President Lenin Moreno said that his government will eliminate subsidies for diesel and low-octane gasoline and create a new corporate tax as part of a package of measures to narrow the country’s fiscal deficit.
Ecuador's President Lenin Moreno declared a state of emergency Thursday as protests broke out nationwide over the end of decades-old fuel subsidies as part of a $2 billion government fiscal reform package. Police responded with tear gas in the worst unrest for years in the oil-producing Andean nation.
Brazilian state-run oil firm Petrobras hiked diesel prices on Wednesday, and executives said the firm could expand its already aggressive divestment plan while arguing the company was completely free of political interference.
Brazilian Economy Minister Paulo Guedes said he’ll clear up any confusion from President Jair Bolsonaro’s decision to halt a planned fuel-price hike by Petrobras.
The death toll from a fuel pipeline explosion in central Mexico last week rose to 91 as Pemex defended its response to one of the deadliest incidents to hit the state-run oil company in years.
Mexican President Andres Manuel Lopez Obrador said on Tuesday that widespread fuel theft extended to oil drilling platforms and he pledged to take actions to alleviate shortages sparked by his crackdown on gasoline thieves.