• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Time of Pakistan
No Result
View All Result
Home International News

Strike over massive Bolivia fuel price rises begins

ToP by ToP
December 29, 2010
in International News, Latin America
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Transport workers in Bolivia have begun an indefinite strike, called in protest at an increase of more than 70% in the price of fuel.

Commuters struggled to reach the main cities, and army lorries were used to help people get to work.

The Bolivian government withdrew its heavy subsidies for petrol and diesel on Sunday, saying it was not prepared to keep fuel prices artificially low.

It said much of Bolivia’s oil was being smuggled out of the country.

But the drivers’ confederation, which groups together bus and lorry operators, said the price rise would have a negative impact that would be widely felt.

“This won’t just affect the transport sector, this will affect everyone because all prices will rise,” said spokesman Franklin Duran.

The country’s vice-president said that it no longer made economic sense to subsidise an industry whose profits were flowing out of Bolivia.

“The subsidy of hydrocarbon products, which has gone up from $80m in 2005, to $380m in 2010 […] instead of going to the exterior – instead of being an open vein of Bolivians that nourishes foreign interests – […] should stay in the country to benefit Bolivians,” said Alvaro Garcia Linera.

Fuel prices in the impoverished South American country, which had been frozen for almost a decade, will now rise by 73% for low-octane petrol and 83% for diesel.

The government has said it will compensate for the fuel price rise by increasing public sector wages and freezing utility bills.

But the sudden embracing of free market principles will be a tough test of support for the country’s left-wing President Evo Morales, correspondents say – BBC

Previous Post

South Korea calls for new six-party talks with North

Next Post

Govt to appeal against Shariat Court verdict: President

ToP

ToP

Related Posts

indian pm modi
Pakistan

Pakistan Invites Indian PM Narendra Modi to SCO Meeting

by Jameel Ahmad
August 29, 2024
Largest IT Outage
Technology

Largest IT Outage in History Brings Y2K Fears to Reality, Says Web Security Expert

by Jameel Ahmad
July 19, 2024
Ishaq Dar
Pakistan

Ensure the Safety of Students”: Foreign Minister Ishaq Dar’s Directive Amid Bangladesh Protests

by Jameel Ahmad
July 18, 2024
Trump Assassination Attempt
International News

Trump Calls for Unity After Assassination Attempt

by Jameel Ahmad
July 15, 2024
Narendra Modi Government
International News

India shares plunge as polls show Modi’s mandate slipping

by Jameel Ahmad
June 4, 2024
Ebrahim Raisi
International News

Iranian President Ebrahim Raisi Confirmed Dead in Helicopter Crash

by Jameel Ahmad
May 20, 2024
Shehbaz Sharif
Pakistan

Prime Minister Shehbaz Sharif Garners New Investment Promises from Riyadh

by Jameel Ahmad
April 29, 2024
Next Post

Govt to appeal against Shariat Court verdict: President

Popular Stories

    Time of Pakistan

    About Times Of Pakistan

    kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

    Other Categories

    • Beautiful Pakistan
    • Fashion News
    • Funny News
    • Viral Videos
    • Weird News

    Recent Posts

    • 11th J.A. Zaman Memorial Open – Powered by Gem Golfers
    • Imran Khan and Bushra Bibi Sentenced to Jail in £190 Million Case
    • World’s Largest Submarine Cable Arrives in Pakistan: Could This End Internet Woes?

    Times Of Pakistan © 2024. Design & Developed by E2E Solution Providers.

    No Result
    View All Result
    • Home
    • Pakistan
    • International News
    • Business
    • Sports
    • Entertainment
    • Opinion

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In