Peru Congress bill seeks to block Petroperú privatization, restore tax credits

A Peruvian legislative initiative (JP) aims to nullify emergency decrees 010-2025 and 003-2026, which had placed state-owned Petroperú under the private investment promotion regime, and to recover over S/6,000 million in tax credits to shore up liquidity. The move signals political resistance to privatization and potential fiscal strain, but its passage and impact remain uncertain.