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Why does Bolivia have the cheapest fuel in the region?

Fuel subsidies make the Bolivian government proud, but according to experts, they represent an unsustainable expense and are related to smuggling, corruption, and inefficient energy use.

For more than 15 years, Bolivians have had one of the lowest fuel prices in the region. In the country administered by President Luis Arce, a liter of special gasoline currently costs BOB 3.74 (US$0.54) and diesel BOB 3.72.

A cubic meter of . . .

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