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
AMLO said that in the conversation with Jennifer Granholm the will of cooperation for development prevailedEnergy Secretary Jennifer Granholm, a Democrat,.
Yucatan begins its participation in Fitur 2022 with the right footThe Madrid Tourism Fair (FITUR), is.
-
Two cold fronts are expected for the following days in the Yucatan
The cold fronts will bring temperatures.
Private Universities of Yucatan denounce sexual trafficking network among studentsThe Marista University, Anáhuac Mayab and.
Mexico threatens soccer fans with 5-year bans for homophobic chantThe Mexican Football Federation says any.
First Gastronomic Interpretation Contest at the Mérida Fest 2022Flavor and innovation stand out in.
Fierce fire consumes a bicycle factory in the Azcapotzalco district of Mexico City (Watch Video)A strong fire was reported inside.
In three years, 81 police officers have been murdered in the state of PueblaSince the year 2018, when AMLO.
Authorities secure trailer with 334 migrants in Veracruz, MexicoVeracruz authorities managed to rescue 334.
Texas gay couple tortured, shot dead, and dismembered in northern MexicoThe bodies of two women from.
Leave a Comment