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Finance Ministry Modifies Fuel Price Stability Mechanism

CHILE
Overnight, Chile announced measure to ease impact of gasoline price rise
  • Chile's Finance Ministry announced it was modifying the country's fuel price stabilization mechanism to cushion the impact of rising gasoline prices, according to a statement. (BBG)
    • Price of gasoline to drop on average 23 pesos a litre; price decrease to bring cost to what it was a month ago, statement says.
    • Measure to ease sharp increase in fuel prices in international market at exchange rate observed to date.

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