Bolivia scraps diesel subsidy to combat fuel shortages Bolivian President Rodrigo Paz on Friday announced the ​end of state diesel subsidies, ‌shifting the country to a unified pricing model to help resolve chronic fuel ​shortages. Bolivia imports roughly 90% of ​its diesel, and the government spends ⁠approximately $55 million weekly on subsidies, ​according to Paz. "Starting today, diesel will ​cost what it costs us to buy abroad," Paz said, citing rampant fuel smuggling ​and black-market reselling as key ​drivers of the weekly deficit. To ​offset ⁠the financial strain on households and key economic sectors, the administration ⁠unveiled ​targeted relief measures, including ​direct cash transfers and preferential credit lines. (Reuters)