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Bolivia Moves to Rescue Oil Firm
The Bolivian government has issued a decree to temporarily intervene in the National Petroleum Company "YPFB" to address the severe fuel crisis the country is experiencing. This crisis has led to long lines at fuel stations and worsened the economic situation. The goal of the intervention is to gather reliable information about the fuel supply and distribution chain in order to determine the quantities allocated to stations, for a period of up to 180 days, without a permanent solution to the company's status. This comes amid the government's decision to raise diesel prices in an attempt to curb fuel smuggling, which has been exacerbating the shortage. Despite these measures, long queues and shortages persist, amid popular protests and roadblocks by farmers protesting the price hikes.
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