Minister Rivas announces 63% gasoline price increase
The Minister of Economy Carlos Rivas Dávila announces a 63% increase in the price of gasoline, a measure that would also raise the prices of controlled foodstuffs. The announcement is made in the midst of a serious economic crisis with inflation of 1722% in 1988.
The Minister of Economy Carlos Rivas Dávila announces the increase in the price of gasoline by 63% of the dollar. This economic measure would raise the prices of controlled foodstuffs according to the new production costs. The announcement is made in a context of serious economic crisis, since 1988 had closed with an accumulated inflation of 1722%. The Minister also appeared before the Permanent Commission of the Congress together with other ministers to report on the government's economic measures.