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.
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.
more recommended stories
Mexico against breast cancer
National science has taken gigantic steps.
Maya women of the 21st century
Nowadays, a large number of women.
Join the International Day of Moon Observation at the Planetarium of Mérida
In order to join the International.
Yucatecan scientists create environmentally friendly vehicle
In order to generate efficient and.
The 5 cenotes you can’t miss in your nest trip to Yucatan
In addition to its rich archaeological,.
Yucatan is searching for “Miss Earth 2019”
“Miss Earth Yucatan 2019 is a.
Celestún, love at first sight
Whoever rejects the hypothesis of love.
Scientists say the Maya Kept Jaguar Zoos for Centuries
A chemical analysis of excavated bones.
Mexico forced to ask for help from the UN Refugee Office before imminent Honduran caravan
Mexico says it will ask the.
Top news from Cancun Travel Mart
Cancun Travel Mart, one of Mexico’s largest tourism.