Significance: The gesture comes amid mounting discontent with rising inflation, driven in no small part by the government’s average 300% increase in gas and water tariffs on 1 April. Gas price increases will now be capped at 400% for residential consumers in the Patagonian provinces of Tierra del Fuego, Santa Cruz, Chubut, Río Negro, and Neuquén, as well as the south-central province of La Pampa, and any payments in excess of this will be refunded in the form of credit. The announcement was made after a meeting in Buenos Aires between the interior and energy & mining ministers, Rogelio Frigerio and Juan José Aranguren respectively, and a group of provincial governors during which the latter complained of punitive increases of up to 1,500%.
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