Liquefied petroleum gas prices for households rise
Economy Ministry of Belarus raised the price of liquefied gas sold to the population in bottles by 23%. Moreover, as of 1 August the retail prices of liquefied petroleum gas sold at petrol stations will increase by 24%.
This is the second time the gas price is being increased this year: in April it was increased by 35%.
The government started raising gas prices, which is inevitable, given increased purchase price of gas and the devaluation. The first ones to face the increased price for gas were vacationers, residents of villages (who use liquefied petroleum gas) and motorists. The following price increase will affect the rest of the population, as before the heating season starts the authorities need to raise gas, electricity and heating prices.
The country's leadership has instructed the local authorities to raise minimum wages at enterprises by the end of 2019 to BYN 1,000, which would lead to an increase in the average wage in the economy as a whole to BYN 1 500. The pace of wage growth in 2017 is insufficient to ensure payroll at BYN 1000 by late 2017 without manipulating statistical indicators. In order to fulfil the president’s order, the government would have to increase budgetary expenditures on wages in healthcare and education, enterprises – to carry out further layoffs and expand the practice of taking loans to pay wages and restrict investment in modernisation of fixed assets. In 2010, the artificial increase in wages led to a threefold devaluation in 2011, an increase in the average salary to BYN 1500 will not match the capabilities of the economy and would lead to yet another devaluation.