Bolivia Faces Cooking Oil Crisis Amidst Price Controls and Market Shortages Bolivia is grappling with a shortage of cooking oil, impacting consumers across the country. The National Chamber of Oil Industries of Bolivia (CANIOB) has warned that the regulated price of refined oil, lower than in neighboring countries, is incentivizing the diversion of the product to the informal market, thereby affecting internal supply. Citizens interviewed in La Paz and Santa Cruz reported difficulties finding cooking oil at regulated prices, with some vendors selling it at significantly higher costs. One woman stated, "There's no oil; it's more expensive." The government has announced a zero tariff for the import of inputs and raw materials for oil and poultry production, but the impact of this measure remains to be seen. Meanwhile, municipal authorities in Santa Cruz are conducting operations against price gouging. The situation highlights the complexities of price regulation and its unintended consequences.
[embed]https://www.tiktok.com/@redunotv/video/7510450486475001144[/embed] | La Cámara Nacional de Industrias Oleaginosas de Bolivia (CANIOB) alertó q…
