Mexico’s gas prices are expected to rise as much as 2.01 percent in January
Mexico’s gasoline prices are expected to rise as much as 2.01 percent next month in comparison to December’s highest recorded prices. The Mexican Secretariat of Finance and Public Credit released a statement saying that Magna gasoline will rise by 14.2 percent, retailing at approximately 15.99 pesos (77 cents) per liter and Premium gasoline will rise by 20.01 percent, retailing at approximately 17.79 pesos (86 cents) per liter. Diesel is also expected to rise at 16.5 percent, retailing at approximately 17.05 pesos (82 cents) per liter.
Finance minister José Antonio Meade assures that the people of Mexico will have to get used to the adjustment in prices for gasoline, and that they will increase or decrease just like any product in other parts of the world 1.
This change will result in inflationary issues in the short term and thus be a negative change for consumers, but it is expected that it will have a positive effect in the long term. The objective is to not only deregulate prices, but to allow a reflection of costs and avoid price jumps that the Mexican Secretariat of Finance and Public Credit would have to repair.
- (2016, December 20). Ajustes a precios de gasolinas serán cotidianos: José Antonio Meade. Retrieved December 27, 2016, from El Diario de Coahuila