The Ministry of Energy and Mines (MEM) confirmed that This July 2, the fuel subsidy will end, after the accelerated execution of the funds allocated for that temporary support.
The Vice Minister of Energy and Mines, in charge of the hydrocarbons area, Erwin Barrios, indicated that the measure responds to the consumption of resources from the Q2 billion approved by Congress.
Barrios explained that the subsidy will stop applying this July 2 at 24 hours for fuels that leave importers destined for the distribution network.
In the case of stores that serve the end user, The benefit will be maintained only until the inventories acquired with the subsidy are exhausted.
The official added that the decision has already been communicated to importers —those who initially apply the price subsidy— and to service stations in charge of sales to the public.
The sales were notified this July 2 through an official letter from the General Directorate of Hydrocarbons of the MEM, indicated the executive director of the Guatemalan Association of Gasoline Retailers (Ageg), Enrique Meléndez.
The manager confirmed that in The subsidy will stop applying to the stores when the inventories that were acquired with that benefit are exhausted.
This refers to the moment from which new movements of fuel subject to the subsidy will no longer be recognized, which will only allow the depletion of inventories that have entered within the period of validity of the support, explained the vice minister.
The purpose of informing the date is to provide certainty and continue strengthening supervision and inspection actions for the benefit of consumers, it was added.
CONTENT FOR SUBSCRIBERS
The MEM official explained that the temporary support of Q5 per gallon for gasoline and Q8 per gallon for diesel “met the objective of providing relief to Guatemalans during the period in which international fuel prices increased as a result of the conflict in the Middle East.”
However, he stated that Currently international prices show a downward trendwhich coincides with the end of temporary support due to the exhaustion of resources allocated for that purpose.
With Decree 11-2026 of Congress, Q2 billion was approved for the subsidy, with the objective of covering three months or until those funds are exhausted.
The subsidy became effective as of April 28 and the three months would expire at the end of July; However, due to the weekly consumption rate, the MEM estimated that the funds could cover 10 weeks, a deadline that is reached on July 6.
The Ministry of Finance (Minfin) reported on Wednesday, July 1, that 79% of the resources allocated to the temporary subsidy had been used.
In total, as of June 21, Q1,580.2 million have been executed and, although the amount varies each week, the weekly average is Q197.5 million.
The first week of application of the subsidy recorded an expense of Q175.5 million.
The largest disbursement occurred between May 4 and 10, when Q215 million were paid to importers.
The MEM had mentioned the possibility that, if it were necessary to expand the subsidy, it would be focused on the transportation of cargo, such as food, and public passenger transportation; However, to date no proposal has been finalized. and on Wednesday the Minister of Finance announced that there will be no extension.