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Puerto Rico lifts fuel taxes for 45 days as gas price soars


SAN JUAN, Puerto Rico (AP) — Puerto Rico’s governor has signed a measure suspending taxes on gasoline and diesel for 45 days amid the worldwide surge in petroleum prices.  The U.S. territory currently imposes a tax of 16 cents per gallon of gasoline and 4 cents per gallon of diesel. Gov. Pedro Pierluisi said Tuesday that an additional $25 million will be added to the government’s general fund to make up for the loss of revenue as a result of the temporary tax moratorium. Officials say they expect a gallon of gasoline in Puerto Rico to reach $6 in upcoming months.

Article Topic Follows: AP National Business

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