Gas prices are climbing in Mexico.
FOTO: SAÚL LÓPEZ /CUARTOSCURO.COM
HOUSTON — Mexico’s finance ministry is looking at ways to “soften” the price impact of gasoline market liberalization next year, Energy Minister Pedro Joaquin Coldwell said on Tuesday Nov. 14 following a meeting of North American energy ministers in Houston.
Reuters reported that some independent fuel importers recently have complained about a lack of tax adjustments to reflect the at least 15 percent increase in recent weeks in international prices of gasoline and diesel, the two main refined products imported by Mexico.
Coldwell said through an interpreter that a tax mechanism will be designed “for softening these prices. This protects the Mexican consumer from abrupt increase in prices.” He did not elaborate on the changes.
FOTO: SAÚL LÓPEZ /CUARTOSCURO.COM
Coldwell said overall energy reform efforts are benefiting Mexico’s consumers, bringing wider choices for the first time in gasoline quality and brands.
The market reform ended the monopoly national oil company Pemex once enjoyed in everything from crude production to retail sales, paving way for international oil companies including Royal Dutch Shell Plc, BP Plc and Exxon Mobil Corp to enter the retail market.
“Before we had only one brand for retail gasoline stations. Now we have 30,” Coldwell said.
Source: reuters.com
Comments
more recommended stories
Mérida promotes programs to prevent and treat diabetesMérida, Yucatan. “At the Mérida City.
City Council encourages responsible animal adoptionMèrida, Yucatàn (May 07, 2021).- The.
In Yucatan, activists insist on putting an end to animal abuseMerida Yucatan, (May 07, 2021).- Animal rights.
In Yucatan, Amanc will build a new shelter to serve children with cancerMerida Yucatan, (May 07, 2021).- The Mexican.
The Maya octopus, a species endemic to the Yucatan peninsula with high ecological and commercial valueMèrida, Yucatàn (May 07, 2021).- The.
In Tulum, there is great concern about the neglect of tourists for wearing face masksTulum, Quintana Roo (May 07, 2021).-.
When will Canada ease or lift travel restrictions?Canada currently has travel restrictions in place for travellers of.
Public health experts ask the SCJN to close down pig farm in YucatanMèrida, Yucatàn (May 07, 2021).- Scientists,.
Campeche candidate inappropriately touches female colleague (Video)A video reveals the moment Eliseo.
Mexico City man who changed subway cars survives deadly collapse“People were desperate, they tried to.
Leave a Comment