Industry

The price of Bolivian gas fell by 69% due to the collapse of oil

The price of gas fell from $5.46 to $1.7 per million BTUs. According to the Bolivian Institute of Foreign Trade, 32% of Bolivia’s exports in 2019 correspond to the hydrocarbon sector. Gas exports finance up to 27.6% of the General State Budget; therefore, the Government has to make adjustments.

Source: El Deber