He Ministry of Energy and Mines (MEM) began working with the Superintendence of Tax Administration (SAT), the Directorate of Consumer Care and Assistance (Diaco) and the General Secretariat of the Presidency in it regulations for the implementation of the fuel subsidy approved in decree 11-2026reported the vice minister Erwin Barrios.
Last Thursday, work began with the SAT and Diaco on the regulations for the fuel subsidy approved in the Emergency Support Law for Diesel and Gasoline Consumers (decree 11-2026), while other entities also participated on Friday, such as the General Secretariat of the Presidency and the Ministry of Public Finance (Minfin), indicated Barrios, vice minister of Energy and Mines in charge of hydrocarbons.
The law establishes a subsidy of Q8 per gallon of diesel and Q5 per gallon of gasolinefor a period of three months, for which an amount of Q2 billion was approved in Congress.
The decree is pending completion of its process and coming into force. However, there must also be regulations to implement the reduction to the user and the payment to the importer.
The official explained that, although the decree has not been publishedthey must advance the content because, apart from the rush to implement the subsidy in the face of the emergency due to price increases, the decree only establishes five days after the law comes into force to issue it.
Currently working on a draft of the document, which is already advancedand in determining the actions that must be taken as soon as the decree comes into forcehe added.
“They are only five days after the decree comes into effect, so we are preparing to not have administrative difficulties when the law comes into effect,” said Barrios, indicating that it is quite a long time. short regarding what is established in other laws.
He said that the proposal is in revision preliminary by the different institutions involved, but after the entry into force of the decree They must comply with all the corresponding administrative steps.
CONTENT FOR SUBSCRIBERS
Some of these steps consist of the MEM prepares the document, but all government agreements have a phase of opinions techniques either financial of the corresponding entities, including Minfin, the Ministry of Economy (Mineco) and the SAT. Subsequently, it must be transferred to the General Secretariat and submitted for the signature of the President of the Republic, the vice minister mentioned.
What will the discount be like?
The discount or reduction of the subsidy must be done by the importer to the price of fuel; that is, at the price subtract the established amount per gallon. That discount must come full to the gas station, and this, in turn, apply it to the final consumer.
“What we hope is that it is reflected in the billthat the person can see the discount of the subsidy in the details of your purchase,” said Barrios.
He explained that the value of the subsidy is discounted in the exit of the product from the importer and must be observed in the final consumer purchase in the gas stations.
Furthermore, in volume, the sum total gallons recorded in the invoices of all gas stations must be equal to the volume of gasoline and diesel that left the importers. That figure must squarewhile the certification of the money is done by the SATentity that check the import invoice and that of retailerexplained the official.
According to article 3 of decree 11-2026, all invoices issued in the marketing chain must record the annotation of temporary social support or subsidy.
Price remains volatile
He international oil price remains volatile, derived from the decisions of the countries involved in the conflict in the Middle East; However, according to the vice minister, when deciding open the Strait of Hormuzthe downward effects will be noticeable, although not at the same rate as the increasesand explain the reasons.
Some casualties They have already begun to be observedbut the decrease It will not happen at the same rate at which it rosebecause they have registered damage to refineries which will require several months of repair and recovery.
If the passage is opened through Strait of Hormuzthe price of oil may drop, but the decrease in gasoline and diesel it is not immediatebecause many refineries in the Middle East were damaged. Diesel would be most affectedhe added.