Argentina removes 30% CNG bus surcharge, revives fuel subsidy competition

Argentina's government eliminated a 30% additional charge on CNG use in buses, replacing it with a calculated fare, effectively reviving a subsidy war. The measure comes amid cross-criminal cases and involves $6.5 billion retained and $12 million per month in compensation per circulating unit. This signals a policy shift toward subsidizing public transport fuel, with fiscal and market implications.

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