Chilean High-Octane Gasoline Prices to Fall 2.5% This Week

The wholesale premium gasoline price in Santiago will drop 20.2 pesos, or 2.5 percent, per liter in the week through June 20, according to Bloomberg calculations based on prices distributed by the state-owned oil refiner.

Low-octane gasoline will fall 2.1 percent. Refiner Empresa Nacional del Petroleo released prices by e-mail yesterday.

The price of a liter of low-octane gasoline has declined 50 pesos since April, which is “very good news for consumers,” Finance Minister Felipe Larrain said in an e-mailed statement.

The forwards market for unidades de fomento, Chile’s inflation-linked accounting unit, was yesterday pricing in a 0.03 percent increase in consumer prices in June and 2.4 percent annual inflation in 2012.

To contact the reporter on this story: Sebastian Boyd in Santiago at sboyd9@bloomberg.net.

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

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.