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Bolivia’s energy ministry has introduced tax incentives and regulatory reforms to encourage fuel imports, aiming to alleviate severe shortages and support key industries like agriculture, mining, and construction.
Key Measures in the New Decree:
🔹 Faster Import Permits – Wait times reduced from one year to 5-10 days.
🔹 Extended Import Licenses – Authorized fuel import and marketing periods increased from one year to three years.
🔹 Zero Tariffs on Imported Gasoline – Import duty wholly removed to reduce costs.
These measures seek to enhance Bolivia’s private fuel market, which has been reluctant to import fuel due to past reliance on government-subsidized supplies. Despite over 40 private companies being authorized to import fuel, local production still only meets 15% of diesel demand and 30% of gasoline demand.
The government hopes that by removing tax barriers and simplifying import regulations, more businesses will actively participate in securing fuel supplies, stabilizing the market amid a year-long fuel crisis.
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