All articles tagged with #fuel subsidies
Bolivian miners and protesters clashed with police in La Paz during the second week of demonstrations against President Rodrigo Paz's economic reforms, including the removal of fuel subsidies, which has led to increased fuel prices and economic concerns. The protests involve miners, teachers, and Indigenous groups opposing the reforms, which aim to attract foreign investment and implement economic changes.
Gas prices have almost tripled in Nigeria after President Bola Tinubu announced the end of fuel subsidies, which have kept gasoline prices artificially low for decades. The decision is part of a broader effort to deregulate the country's vital oil sector and attract greater investment into oil and gas. Fuel subsidies are a drain on public finances and have led to widespread abuse and corruption. The move has sparked panic-buying and long lines at gas stations, with some selling at higher prices or stopping sales altogether. The decision has been criticized by trade unions and analysts who warn of increased poverty and violent crime.