Photo: reikal.com.mx
Pemex gas pump.
The fuel price war in Mexico has started with the new year. At some gas stations, the Magna gasoline brand (regular unleaded) reached MXN$17 per liter, Premium gasoline brand (high octane unleaded) exceeded MXN$19 per liter, while in other gas stations the prices averaged MXN$16 and MXN$18 per liter, respectively.
El Universal newspaper reported the price increase derives from decisions being taken by gasoline businessmen, encompassing transportation, storage, and distribution, who will be able to set prices based on the exchange rate and their operating costs.
Pemex gas pump.
According to the Energy Regulatory Commission (CRE), users must monitor the prices of service stations near their homes, businesses or jobs to fill their fuel tank at the most affordable gas station.
Through a statement, Mexican state oil company (Pemex) reported that the policy of gradual fuel pricing, which has been applied successfully for a year in the country, is being complied, adding that it rejects any speculative comments on alleged increases arisen from them.
PEMEX explained that the formula that determines the prices of gasoline and diesel wholesale in Mexico includes mechanisms that reduce their volatility, so “there is no basis to estimate a sharp
increase in these prices,” adding that the formula guarantees stability with daily adjustments, in accordance with the conditions of an open and competitive market, as it happens in the rest of the world.
Source: eluniversal.com.mx
Comments
more recommended stories
Yucatan seeks to reduce the number of suicides with prevention programYucatan doubles the national rate of.
Maya train features mixed investment: 10% government and 90% private initiativeThe Maya Train project will be.
Progreso Beach and the mafia behind the PalapasIn an extensive investigation conducted by.
Passenger stabbed to death inside a Merida public transport busWhat started as a fight ended.
The National Institute of Migration seeks to facilitate the integration of foreigners in YucatanMERIDA YUCATAN.- The National Institute of.
Yucatan´s new gastronomyThe president of the National Chamber.
Meet Merida’s new “Park Rangers”MERIDA YUCATAN.- In order to maintain the.
Bar collapses in Progreso; three deadThree people have died so far,.
Airlines to give customers ‘nonbinary’ choice under genderMajor U.S. airlines say they will.
Outstading participation of Yucatan in the State Fair of León, GuanajuatoYucatan successfully closed its participation as.
Leave a Comment