Yesterday, President Twobreakfasts signed an executive order to lower the prices of 90 octane and 84 octane fuels by 9% and diesel by 4%. That means the benchmark 84 octane sells for a maximum price of S/10.50 per US gallon in Lima (transport costs can raise the price for some of the harder to get at corners of Peru….you’ve seen the map with the bigass mountain range running through the country, haven’t you?).
So now that Peru has cheaper fuel, time to rejoice, no? Hmmmmmm…let’s put it in a bit of context. Here’s a chart that shows the current prices for the same US gallon of fuel in the USA and Peru in US dollars (I got the US national average from gasbuddy dot com tonight, though I do understand that for example Missouri has $1.80/g fuel and California has $2.40/g fuel right now).

