Fuel imports reached $1.6 bn in 2019

Imports of diesel oil, premium fuel and lubricants grew from $115 million in 2001 to $1,629 million in 2019, affecting the trade balance, public finances and the fiscal deficit. Hydrocarbon subsidies increased from $74 million in 2006 to $794 million in 2019 with a tendency to continue rising until the end of the current administration.

YPFB saves $220 million on fuel imports in three months

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) reported that in the last three months a total of $220 million was saved on diesel and gasoline imports, thanks to increased liquid production, low international prices and expansion of the biofuel program. The import of diesel allowed a saving of $120 million and the import of gasoline decreased by $100 million.

YPFB to boost ethanol sales to keep volumes at 150Mn litres

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) will boost ethanol sales under the current administration and expects to reach the volumes agreed with the previous administration of 150 million litres. The company is investing to increase ethanol consumption in the domestic market, both in logistics and storage, the goal is to reach 12% of the market. After the purchase of the agreed volume is concluded, they will advance in the subscription of a new agreement for a higher amount.