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LatinNews Daily - 10 July 2026
In brief: Chile announces drop in fuel prices
*Chile’s deputy finance minister, Juan Pablo Rodríguez, has announced that the price of gasoline in Chile will drop by around Cl$100 (US$0.10) per litre while diesel will fall by around Cl$155 per litre, through the implementation of the state fuel price stabilisation mechanism (Mepco), a special fund that subsidises fuel prices. He said that the far-right government led by President José Antonio Kast, whose earlier decision not to shield consumers from the increase in fuel prices stemming from the war in Iran sparked protests in Chile, would continue monitoring the situation and expressed hopes that prices would return “as soon as possible” to those registered before the conflict began in February.
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