State-owned oil company Petróleos Paraguayos (Petropar) is set to begin applying price reductions to its fuel sales as of 24 October 2016. The government adopted these reductions the previous week, mandating a US$0.017 reduction per liter of fuel. Price reductions are set to affect the complete range of fuels distributed by Petropar, from diesel to petrol. As a consequence of the decreased price of fuel, the government also enforced a lowering of urban bus fares, decreasing standard fares from US$0.37 to US$0.35. Cross-country bus fares will also be reduced by varying amounts, depending on travel distance. In addition to this, the government also announced Petropar will begin selling Liquefied Petroleum Gas imported from neighboring Bolivia (La Nación).