LEY NÚM. 21.537

MODIFICATE THE MECHANISM OF COMBUSTIBLE PRESS ESTABLISHMENT FOR SEMANAL FLUCTUATIONS, AND EXISTING THE PARCIAL BENEFITS OF SPECIFIC COMPANY TO CARGA TRANSITIES

Bearing in mind that the H. National Congress has approved the following

Bill:

"Article 1.- Introduce the following modifications to Article 3 of Law No. 20,765, which creates fuel price stabilization mechanism that states:

1. In paragraph 1:

(a) Incorporate, following number 2, the following number 3, new, passing the current number 3 to number 4:

"3. The variable specific tax will be adjusted weekly so that the price reported by the National Petroleum Company, in its weekly price report, only varies every 21 days."

(b) In number 3, which has become number 4:

I. Incorporate the following heading, passing the current single paragraph to be verbatim (a):

"4. In the first week of each period of 21 days, the variable component of the specific fuel tax will be calculated according to the following rules:"

ii. In the present single paragraph, which has become literal (a):

1st. Replace the expression "3. If the difference" by "a) For fuels other than diesel oil, if the difference."

2°. Intercálase, between the word "informed" and the words "the week", the following phrase: "by the National Petroleum Company".

3°. Replace the garrison "0.8" with "2,4", the two times it appears.

(c) In the current number 4:

I. Replace the expression "4. Yes" by "For your part, yes".

ii. Replace the garrison "0.8" with "2,4", the two times it appears.

(d) Attach, following the new subparagraph (a) of number 4, new paragraph (b):

"b) For diesel oil, if the difference between the "base price" and the price reported by the National Oil Company the previous week is positive and greater than 2.4% of the average of the last two weeks of the base price of diesel oil, the variable component of the specific fuel tax will be 2.4% of the average of the last two weeks of the base price of diesel oil, less the difference between the "base price" and the price reported by the National Company.

For its part, if the difference between the "base price" and the reported price the previous week is negative and higher in absolute value to 2.4% of the average of the last two weeks of the base price of diesel oil, the variable component of the specific fuel tax will be the difference between the price reported by the National Petroleum Company the previous week and the "base price", minus 2.4% of the average of the last two weeks of the base price of diesel oil. ".

(e) Incorporate, following the number 4, new, the following numbers 5 and 6, new, passing the current number 5 to be number 7, and so on:

"5. In the next two weeks of each period of 21 days, in which the price reported by the National Petroleum Company in its weekly price report should remain unchanged, the variable component of the specific fuel tax will be the difference between the price reported by the National Petroleum Company the previous week and the "base price".

6. After a period of 21 days, the adjustment mechanism will operate as determined in numbers 3, 4 and 5, as appropriate."

(f) In number 5, which has become number 7:

I. Replace in the header the expression "in numbers 3 and 4" by "according to number 4".

ii. Replace in letter (a) the expression "number 3" by "number 4".

2. In the third paragraph replace the "8" with "10" and "6" for "8", respectively.

3. In the fifth paragraph, replace the expression "3 and 4" with "3, 4 and 5".

Article 2.- Replace in the first paragraph of the single article of Law No. 20.658, which modifies the time limit for partial refund of the specific tax on diesel oil for the cargo transport companies, and modifies other aspects of this mechanism, the "2022" for "2023".

Transitional arrangements

And for I have had it good to approve and punish it; therefore, promute and take it into effect as the Law of the Republic.

Santiago, January 19, 2023.- GABRIEL BORIC FONT, President of the Republic.- Mario Marcel Cullell, Minister of Finance.- Diego Pardow Lorenzo, Minister of Energy.

What I write to you for your knowledge.- Greetings Atte. to you, Claudia Sanhueza Riveros, Undersecretary of Finance.