Bolivia's Cooking Oil Crisis: Raids Expose Hidden Stockpiles, Arrests Made

Bolivia Cracks Down on Cooking Oil Speculation Bolivian authorities launched a series of raids on markets across the country, uncovering a significant amount of cooking oil being hidden from consumers. The operation, which took place on May 23, 2025, resulted in several arrests for alleged price gouging and speculation. Vice Minister of Industrialization, Luis Siles, confirmed the findings, stating, "We have verified that there is concealment; there is price gouging and speculation." The raids were conducted in La Paz, Cochabamba, and Santa Cruz, with authorities working alongside local officials. The shortage of cooking oil has been a growing concern for Bolivian citizens, with many struggling to afford the rising prices. The government's intervention aims to stabilize prices and ensure fair access to essential goods. The price of a liter of oil is currently regulated at 14 Bolivianos. This operation is a step towards addressing the economic challenges faced by the country and ensuring access to essential commodities for its citizens.