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
U.S. negotiators set to make last-minute trip to Mexico to pin down USMCA dealWASHINGTON/MEXICO CITY (Reuters) – The Trump.
Walmart apologizes for selling “unusual” Christmas sweatersWalmart Canada apologized for selling a.
U.S. border arrests dropped again in November amid Trump crackdown on migrant crossersWASHINGTON (Reuters) – The Border Patrol.
Residents of Río Lagartos, Yucatan to receive free purified water for one yearResidents of the Rio Lagartos municipality,.
ue to lack of medication IMSS has to implement new innovative HIV treatmentThe Mexican Institute of Social Security.
Stone tables found in Chichen Itza reveal unknown information on the ancient MayaA recent finding recorded in Chichen.
Passenger dies on Interjet flight that had to emergency land in MéridaAn Interjet flight from Havana to.
Here’s how technology has completely transformed the sports industryThe growth of technology really has.
Picasso arrives in MéridaMERIDA Yucatan (Times Media Mexico) –.
423 Yucatan indigenous schools provide education in Maya languageIn Yucatan there are 423 indigenous.
Leave a Comment