Vote to increase fuel stabilization fund postponed again

VALPARAÍSO.-  This morning, the Chamber of Deputies postponed voting on a bill that would inject 1 billion U.S. dollars into the Fuel Price Stabilization Fund (FEPC), until Tuesday of next week.

According to statements issued by the government yesterday, the initiative will incorporate liquid gas into the fun and increase the subsidy for paraffin gas.

The postponement has been attributed to the fact that the Finance Commission report on the bill, complete with new amendments, was not available to members of Parliament for analysis prior to voting.

The Lower House decided to postpone the voting by one day, but given that Parliament members will not meet tomorrow (Friday) or Monday, the bill will be addressed during the session held on Tuesday, June 17th at 11:00 AM.

Given these new changes, the government may have to give the bill “immediate discussion” status (which implies that it must be decided on within three days) since Parliament members will be required to travel to their respective voting districts during the week of June 23rd.