Pinera Plans to Reduce Chilean Fuel Taxes, La Tercera Reports

Chilean President Sebastian Pinera will propose changes to a fuel price stabilization program that would cut prices at pumps, La Tercera reported, citing participants of a meeting with Pinera whom it didn’t name.

The modifications, which will be part of a series of tax changes the president will unveil today, would reduce gasoline prices by as much as 50 pesos ($0.10) per liter, the Santiago- based newspaper reported. Premium gasoline costs an average of 855 pesos per liter in Santiago, according to the government’s National Energy Commission.

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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