The Government of the Canary Islands will retroactively increase the subsidy allocated to the transport and agricultural sectors with funds from the fuel tax to alleviate the escalation of prices that has been occurring for months and, in particular, in recent days due to the war in Ukraine.
This is one of the measures that the Canarian Executive will adopt in the coming days, as is the revision of school transport contracts with the Ministry of Education, as announced by the Minister of Transport, Sebastián Franquis, at the end of the meeting he held with the leadership of the Federation of Transport Businessmen of the Canary Islands (FET) in the capital of Gran Canaria.
In the case of Lanzarote, the price of 95 gasoline reached historical highs this March, with an average cost of 1.34 euros per liter, 30.35% more than March 2020, while 98 gasoline already reaches 1.42 euros on the island.
Agustín Espino, president of the Federation of Transport Businessmen of the Canary Islands (FET), has requested that the aid be “imminent” to avoid “the fall of companies” and a greater “tension in the sector”, so it is being studied that the percentage of aid be applied based on price increases.
Likewise, the Canarian Government has pointed out that public contracts in the construction sector will also be reviewed due to the increases in the cost of raw materials, but it will not be until March 24 and 25 when these problems are discussed at the meeting of the European Council and, subsequently, at the Council of Ministers once agreements are reached on the matter.