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Peru's Consumer Commission Reconvenes Petroperú Review After Ministers Skip Hearing

A follow-up session will seek direct explanations from top officials on the emergency decree reshaping Petroperú.

Overview

  • The commission reprogrammed its working table after senior Executive officials missed the January 8 meeting and sent documents requesting a new date, with the energy minister calling to signal willingness to attend.
  • Attendance is expected from Prime Minister Ernesto Álvarez, the energy and finance ministers, Petroperú president Luis Canales, and an Osinergmin representative, though no date is confirmed.
  • The session titled “The privatization of Petroperú: consequences for consumers” gathered lawmakers, worker representatives, the Ombudsman’s Office and specialists to examine DU 010-2025.
  • Participants split over the decree’s impact, with warnings about fuel prices, market concentration and constitutional risks contrasted with arguments for a necessary reorganization; ex-chair Alejandro Narváez said the firm faces liquidity issues, not bankruptcy.
  • In a separate development, Perú Libre congressman Segundo Montalvo announced a motion to remove President José Jerí over the decree, alleging a covert privatization.