LatAm Briefs: MEEI Minister’s Death, YPF Boosts Fuel Prices

(Energy Analytics Institute, 17.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: the passing of Trinidad and Tobago’s energy minister Franklin Khan, Argentina’s inflation reaching 4.8% in March and Argentina’s YPF boosting fuel prices an average 6%.

Trinidad’s Energy Minister Franklin Khan Passes Away

Franklin Khan, Trinidad & Tobago’s head over the country’s Ministry of Energy and Energy Industries (MEEI) passed away on 17 April 2021, the twin-island country’s parliament announced in a Twitter post.

Franklin Khan. Source: MEEI

Energy Background

Khan was first elected as the Member of Parliament for Ortoire/Mayaro in 2002. He was then appointed Minister of Works and Transport, a position which he held until May 2005, according to details revealed by the country’s Parliament in an official statement. Following the 2015 general election, Khan was appointed to the Senate as a member of the 11th Parliament. He was appointed Minister of Rural Development and Local Government on 11 September 2015. He would later be appointed head of MEEI, and would continue to serve in this capacity in the 12th Republican Parliament.

YPF To Boost Fuel Prices An Average 6%

Argentina’s state producer YPF will increase its fuel prices by 6% on average across the country effective 17 April 2021.

In the capital Buenos Aires, the increase is expected to be around 6.3%, the daily newspaper La Nación reported on 16 April 2021. The other petrol station brands Shell, Axion and Puma Energy will follow the increase, the daily reported. To date, petrol prices at the pump in Argentina have increased 27.2%.

Argentina’s Inflation Reaches 4.8% In March

Argentina reported monthly inflation of 4.8% in March 2021, daily newspaper Clarín reported 16 April 2021.

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By Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.