Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

'Macron-economy' pun already worn out

Read more

DEBATE

What Next for Gaza? Lasting Ceasefire Agreed After 50 Days of War (part 2)

Read more

DEBATE

What Next for Gaza? Lasting Ceasefire Agreed After 50 Days of War

Read more

FOCUS

Video: Milan is starting point for Syrian refugees’ European odyssey

Read more

MIDDLE EAST MATTERS

Terrorist ransoms: Should governments pay up for hostages?

Read more

ENCORE!

Kristen Stewart and Juliette Binoche star in 'Clouds of Sils Maria'

Read more

WEB NEWS

India: journalist launches "Rice Bucket Challenge"

Read more

WEB NEWS

Russian aid convoy: Mission accomplished?

Read more

WEB NEWS

Actor Orlando Jones lauches 'Bullet Bucket Challenge'

Read more

  • Mother of American journalist asks IS leader for his release

    Read more

  • UN probe accuses Syrian regime, Islamists of ‘crimes against humanity’

    Read more

  • French unemployment rises 0.8% in July to record high

    Read more

  • France’s Hollande puts young ex-banker in top economy post

    Read more

  • Video: Iraq’s Yazidis flee to spiritual capital of Lalish

    Read more

  • Video: Milan is starting point for Syrian refugees’ European odyssey

    Read more

  • Airstrikes and Assad - Obama’s military conundrum in Syria

    Read more

  • IMF’s Lagarde investigated in French corruption case

    Read more

  • American journalist held captive in Syria arrives in US

    Read more

  • In pictures: The ministers in France's new government

    Read more

  • 'Lasting' ceasefire agreed for Gaza, Abbas says

    Read more

  • Far-right ‘Russian Jihad’ fighters cross into Ukraine

    Read more

  • Rebels 'shoot down' UN helicopter in South Sudan

    Read more

  • Air France pilots threaten September strike

    Read more

  • WHO seeks stricter regulation for e-cigarettes

    Read more

Americas

Morales scraps fuel price hike after violent protests

Text by News Wires

Latest update : 2011-01-01

Faced with growing public unrest, Bolivian President Evo Morales scrapped a government decree Friday that would have seen fuel prices increase by 73 per cent. The decision came after days of violent protests across the country.

AP – Bolivian President Evo Morales on Friday abruptly canceled a decree that sharply raised fuel prices, reacting to widespread protests and the threat of more to come in the biggest setback of his five years in office.

Sunday’s price hikes had caused a burst of street protests, many of them by core supporters of the leftist who is Bolivia’s first indigenous president. Protesters vowed to renew their demonstrations after the New Year holiday, with workers from the crucial mining industry vowing to join in.
 
Morales said in a televised message about 90 minutes before midnight that he had listened to unions and social groups and decided “to obey what the people say by abrogating the decree raising gasoline and everything that accompanied that measure. That means that all of the measures are withdrawn.”
 
The government announced Sunday that it was raising gasoline prices by 73 percent, to 92 cents a liter ($3.48 a gallon) for regular gasoline, up from 50 cents ($1.89).
 
Diesel jumped to 97 cents a liter ($3.67 a gallon) from about 50 cents.
 
Some other fuel prices doubled.
 
The prices had been frozen for six years, and Vice President Alvaro Garcia said the state was paying $380 million a year to subsidize gasoline imports, with much of it smuggled to neighboring countries with higher prices.
 
The sharp rise prompted strikes by bus and taxi drivers that hobbled transit in many cities, and mass street protests on Thursday turned violent. At least 15 people were reported injured.
 
Protesters carried posters denouncing the president as a traitor and some shouted, “Evo, the people are angry!”
 
Morales’ government at first tried to mitigate the blow of the higher prices by announcing a 20 percent salary increase for troops, police, health and education workers. The government also offered help for rice, corn and wheat farmers.
 

 

 

 

Date created : 2011-01-01

COMMENT(S)