The Mexican Secretariat of Finance and Public Credit (SHCP) announced that starting August 1, the price of Magna gasoline will go up to $ 13.96 pesos per liter, Premium $ 14.81 pesos per liter and diesel $ 13.98 pesos per liter.
These prices represent an increase of 56, 44 and 21 cents, respectively, compared to July prices. This is the highest gasoline price increase in the last 2 decades.
With regard to that observed in August last year, announced prices will be by 3.0 percent higher, both in the case of Magna and Premium gasolines, while diesel will be only 1.5 percent higher.
The increase will cause a rise of 0.21 percent in the inflation rate, according to market strategy firm, Finamex Casa de Bolsa.
“Additionally, we must consider the indirect impacts of higher prices of gasoline, for example, transportation costs, among others, besides considering that most of the goods in this country are transported by road. We will be closely monitoring these impacts to adjust our forecast of 3.2 percent for the year-end annual inflation, “said Guillermo Aboumrad, Finamex CEO.
The Finance Ministry argues that the increase in fuel prices for August is due in turn to the upturn in international reference prices for fuel prices, reflecting the recent recovery in crude oil prices.
Fact is, the people of Mexico is absolutely convinced that this “gasolinazo” (as it is commonly known), is just one more example of the false promises of President Enrique Peña Nieto, who sustained that with the so called “Energy Reform”, the prices of fuel and electricity will be actually going down, which in fact has been quite the opposite.
more recommended stories
Yucatán national leader in avant garde technological solutions
Scientific staff will learn to market.
Fake photo brings out real issues
Social media users began circulating a.
As he continues leading the polls, AMLO has surrounded himself with mainstream economists
Mexican front runner presidential candidate Andrés.
Rate President Donald Trump’s Job Performance
Newsmax.com, America’s leading independent news service,.
Mérida, among the 10 best cities for doing business: “Entrepeneur”
During the present municipal administration Mérida.
Trump told Shinzo: “I can hand you over ’25 million Mexicans’ to give you a taste of the migration problem”
President Donald Trump reportedly made some.
Mérida breaks ground for the new “Litoteca Nacional de Yucatán”
MÉRIDA, Yuc.- The inauguration ceremony of.
New Companions And Fun Time In Video Chat
If you are willing to find.
The Hermitage of San Dieguito in Tekax
Built 373 years ago, according to.
Mobile App Development: Step-by-Step Guide
What does it take to bring.