LatestPublic Hearing Reveals Challenges in Reducing or Eliminating Puerto Rico's Oil Tax
Health

Public Hearing Reveals Challenges in Reducing or Eliminating Puerto Rico's Oil Tax

Cybernews
Public Hearing Reveals Challenges in Reducing or Eliminating Puerto Rico's Oil Tax
Summary

Puerto Rico's Department of Treasury warned during a public hearing that eliminating the oil excise tax known as 'la crudita' would not guarantee consumers receive a 36.9-cent-per-gallon reduction. The Financial Advisory and Fiscal Agency Authority (AAFAF) emphasized that current tax revenues are now integral recurring income sources for the General Fund. Officials highlighted the fiscal complexity and budgetary constraints that would result from removing this tax, which affects fuel prices across the island and has broader implications for Puerto Rico's economic stability and public services funding.

Originally published on

NotiCel

By Cybernews

Read full article(opens in new tab)

Fetched: September 16, 2026 at 10:00 AM

Related News

More news you might be interested in

View all
Puerto Rico Faces Healthcare Crisis if Congress Doesn't Act on Medicaid Cliff by 2027
Health

Puerto Rico Faces Healthcare Crisis if Congress Doesn't Act on Medicaid Cliff by 2027

Puerto Rico's healthcare system faces an unprecedented crisis as a September 30, 2027 deadline approaches. Without Congressional action, the island could lose approximately 90% of its federal Medicaid funding, creating a severe fiscal cliff that would devastate public health services. This potential reduction would impact millions of residents who depend on Medicaid for access to essential medical care, medications, and treatments for chronic conditions. Healthcare providers warn the funding collapse could force facility closures and severely limit patient care capacity across the island.

1 hour ago
NotiCel
U.S. Intercepts and Sinks Vessel Linked to Ecuador Drug Trafficking
Health

U.S. Intercepts and Sinks Vessel Linked to Ecuador Drug Trafficking

U.S. military forces intercepted a vessel in the Pacific Ocean on Tuesday that was allegedly being used to refuel drug trafficking operations connected to the Ecuadorian criminal organization Los Choneros. According to U.S. Southern Command, the boat was part of a smuggling network transporting narcotics. After safely removing the crew, American forces proceeded to sink the vessel. This operation represents ongoing U.S. efforts to combat drug trafficking in the Western Hemisphere.

1 hour ago
NotiCel
ODSEC Launches Digital Fraud Prevention Training for Seniors
Health

ODSEC Launches Digital Fraud Prevention Training for Seniors

Puerto Rico's Office for Socioeconomic and Community Development (ODSEC) announced a new initiative to train 300 seniors in technology use and digital fraud protection through five regional workshops led by subject matter experts. This program addresses the growing vulnerability of older adults to online scams and financial exploitation, which can have significant impacts on their financial security and well-being. The training will equip seniors with practical knowledge to safely navigate digital tools and recognize common fraud schemes. This proactive approach aims to empower seniors to protect themselves while confidently engaging with technology in their daily lives.

1 hour ago
NotiCel
Epstein-Barr Virus Activity May Foreshadow Multiple Sclerosis Attacks
Health
Multiple Sclerosis

Epstein-Barr Virus Activity May Foreshadow Multiple Sclerosis Attacks

A groundbreaking study reveals a causal link between Epstein-Barr virus (EBV) reactivation and multiple sclerosis attacks in genetically susceptible individuals. The research demonstrates that EBV activity may serve as a biological indicator for impending MS flare-ups, offering potential for earlier intervention. This finding advances understanding of how viral infections trigger autoimmune disease progression. For MS patients, identifying EBV reactivation could enable proactive treatment strategies to prevent or minimize disease attacks. The discovery highlights the importance of monitoring viral activity in people with genetic risk factors for multiple sclerosis.

2 hours ago
Medical Xpress