• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Chilean truckers warn fuel price hike "is becoming unsustainable"

FinanceInternationalBioBioChile40 s readAI summary
Image: BioBioChile

The market expects a fifth consecutive fuel price increase in Chile, ahead of Enap's price report. Economist Juan Ortiz (Universidad Diego Portales) projected increases of $41 for gasoline and about $90 for diesel, attributed to oil above US$100 a barrel since September due to the Middle East conflict and a strong dollar. The Centro Sur Truckers Confederation called the situation unsustainable and asked the government for measures.

In 40 seconds

  • Ortiz projects $41 increases for gasoline and about $90 for diesel; XTB estimates $37 to $45 and $80 to $100, respectively.
  • The expert attributes the fifth straight increase to oil above US$100 a barrel since September and a strong dollar.
  • The MEPCO stabilization mechanism only cushions the effect of the barrel price and the exchange rate, according to the report.
Read the full story at BioBioChile

IASummary generated by artificial intelligence from a story by BioBioChile. It may contain errors: the original source prevails.

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