DEVELOPING:

Authorities in Peru have offered to resign from office in light of a recent scandal involving the Alan Garcia administration over oil concessions, Reuters reported Thursday.

Peruvian President Garcia is facing calls from opposition leaders to shake up his cabinet after audio tapes emerged earlier this week that linked members of his APRA party to a plan to steer lucrative petroleum contracts to favored bidders, Reuters said.

According to a report from the Peruvian Times, protesters turned out across the Latin American nation Thursday, denouncing Garcia and his cabinet. In a march that had been planned for weeks against Garcia's economic and political policies, thousands descended upon Congress to demand their ouster in light of Sunday's revelation.

Click here to read more from the Peruvian Times.

This is a developing story. Please click refresh for updates.