|Published:||Jan 01, 2011 3:54 AM EST|
|Updated:||Jan 01, 2011 12:55 AM EST|
LA PAZ, Bolivia (AP) - Bolivian President Evo Morales has canceled a decree that sharply raised fuel prices, apparently reacting to widespread protests.
Morales acted Friday after a week in which demonstrators filled the streets of Bolivia's capital and other cities to protest a decree on Sunday that suddenly raised gasoline prices by 73 percent. Diesel prices jumped by 83 percent. The cost of some other fuels nearly doubled.
Fuel prices had been frozen for six years and the government said it could no longer afford to subsidize them, especially since much is smuggled across the border to neighboring countries.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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