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
Yucatecan injured with firearm in Cancun, in serious conditionA Yucatecan citizen is reported in critical.
Cases of men publicly masturbating in front of women on the rise in MéridaMotorists are approaching women in the.
Judge gives two final injunctions against St. Lucia airportA federal judge of the State.
Three horses were badly hurt during a “Lazo” tournament in Panabá, YucatánTIZIMÍN, YUCATÁN.- Three horses were badly.
Cabo San Lucas arch at risk of collapseExperts don’t know the exact amount.
State of emergency declared in the Yucatan Peninsula for lack of electricityMEXICO city, Mexico. – In another.
Consequences of wrong decisions by the AMLO administration are noticeable: CoparmexThe effects of the wrong decisions.
Exhibition of photojournalist Barbara McClatchie: homage after years of her murderWith an exhibition open to the.
OPINION: The U.S. needs Mexico’s help to solve border crisisGuy W. Farmer, is a retired.
“Urban heat islands” popping up all over Mérida due to accelerated growth without proper planningAn urban heat island (UHI) is an urban area or metropolitan.
Leave a Comment