Americas: Consumption

Structural reforms in Argentina and Brazil will cut gas demand in both countries.

Argentine President Mauricio Macri is moving ahead with subsidy reform. The government originally intended to increase gas prices for residential users by up to 400% and for commercial and industrial users by up to 500%. However, Argentina’s Supreme Court ruled against the proposed hike for residential users in August and directed the government to hold public consultations before raising rates. 

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