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Chile Studying Elimination of Oil Import Duties, Tercera Reports

Chile’s government is studying whether to eliminate import duties on oil in a bid to reduce fuel prices and improve earnings at state-owned refiner Empresa Nacional del Petroleo, La Tercera reported today, citing sources it didn’t identify.

The government is studying whether to include the measure in a series of tax reforms that President Sebastian Pinera is scheduled to announce this month, the Santiago-based newspaper reported.

To contact the reporter on this story: Randall Woods in Santiago at rwoods13@bloomberg.net.

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.

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