Uruguay's state-run oil company ANCAP President Alejandro Stipanicic said the price of fuel at pumps should be adjusted downward shortly after such a trend has been registered for several weeks in the international market.
Anywhere between 8.000 and 50.000 people are expected to convene on Tuesday to Durazno, central Uruguay, to protest and demand solutions to what is seen as an over bloated government, fiscal strangling, incompetent management of government companies and an overall dissatisfaction with the results of these policies and deaf political ears to the ongoing complaints.
Uruguayan farmers with their tractors, harvesters, trucks, vans and on horseback took to the roads to protest the cost of fuel, power, increased taxes and an over bloated national budget and bureaucracy which they blame for making several farm activities unprofitable, and have had an overall negative impact for the different camp activities.
New Year has taken off in Uruguay with a raft of utilities' rates increases which includes power, fuels, drinking water, telecommunications, urban bus fares, plus extra taxes on tobacco and gambling. Inflation in the twelve months to November was 6.30%.