Free-market gasoline prices could be coming to Mexico as early as January 2017, a year earlier than planned.
An undersecretary in the Finance Secretariat said this week that a proposal will be made to Congress by September 8 at the latest that the January 1, 2018 date for the liberalization of gas prices be moved forward to the beginning of 2017 instead.
It would be the second change to the timetable for the opening of the gasoline market, a major shift in energy policy that was part of the federal administration’s energy reform package.
Gas companies have been allowed to import fuel themselves since last April when the timeline was changed, moving the date forward by nine months.
But as the Mexico head of Gulf Oil said a month later, it didn’t make much sense for petroleum companies to import fuel if government continued to set the prices. Sergio de la Vega predicted that the government might discontinue doing so earlier than expected.
If Congress goes along, the fuel price increase announced last week, which takes effect Thursday, could be the last to be dictated by authorities.
Magna gasoline will rise slightly by two centavos to 13.98 per liter. Diesel wil increase by 3.36% to 14.45, while premium gasoline will remain unchanged.
The Finance Secretariat said the price adjustments followed a recovery in oil prices.
Electricity rates are also going up in September, with industrial, commercial and high-consumption domestic consumers seeing the biggest hikes.
Industrial tariffs will be between 6.5 and 8.4% more than last September, while the commercial sector will pay between 8.6 and 9.4% more.
High-use domestic customers, charged under the tariff known as DAC, for doméstico de alto consumo, will see their electricity costs rise 9.3% compared to a year earlier
more recommended stories
Google suspends business with Huawei after Trump blacklist
Alphabet Inc’s Google has suspended business.
On World Bee Day, actions are needed to Save the Bees
The United Nations designated May 20.
Morehouse College grads are surprised by a billionaire’s promise
Atlanta, GA (CNN) – Morehouse College.
Father of slain pregnant teen blames ‘anti-immigrant laws’ for delay in investigation
The father of a pregnant teenager found.
Trump ‘engaged in impeachable conduct’… GOP Rep. Justin Amash.
Justin Amash is the first GOP.
Los Cabos, Mexico from a tourist point of view (VIDEO)
Laurel and Brandon went on vacation.
Quintana Roo beaches threatened by smelly seaweed invasion
MEXICO CITY (AP) — Tourists looking.
Tensions with China help U.S. see importance of North American trade (Jesus Seade)
MEXICO CITY (Reuters) – Tense U.S.-China.
Finally, the U.S. lifts tariffs on Canadian, Mexican metals
WASHINGTON/OTTAWA (Reuters) – The United States.
Puerto Vallarta is recognized as the world’s second most important beach destination for the LGBT community
Puerto Vallarta is internationally recognized as.