The News – Capital Media
The News – Capital Media
  • Canaco Leader Responds to Price Increases

  • The head of Canaco said that the private initiative will continue to assimilate part of the impact from the current global economic situations

CIUDAD DE MÉXICO, 03ENERO2017.- El precio del gas L.P. aumentó alrededor de dos pesos en el inicio de este año, con lo que se coloca en 15.46 pesos por litro. FOTO: ISAAC ESQUIVEL /CUARTOSCURO.COM, photo: Cuartoscuro/ Isaac Esquivel

11 of January 2017 16:14:23

Humberto Lozano Avilés, president of the Chamber of Commerce, Services and Tourism (Canaco), announced that prices of certain products increased from 3 to 10 percent as opposed to the 1 per cent increase forecasted by Economy Secretary Idefonso Guajardo Villareal. Lozano stated that Guajardo’s calculations are out of touch with the affected sectors.The head of Canaco said that the private initiative will continue to assimilate part of the impact from the current global economic situations, however, a 20 per cent increase in the price of petrol has a greater impact on utilities that goes beyond profit margins.As a signee of the Agreement for Economic Strengthening and Protection of Household Economy, Lozano Avilés noted that despite negative comments the Agreement has remarkable provisions such as granting funds for bolstering Micro and Small-Sized Enterprises as well as entrepreneurs.“We want to make it abundantly clear that the Private Initiative did not cause the increase in petrol prices, and it is not us who increased commodity prices out of our accord; it is the current economic situation that causes the hikes, as the Secretaries of Finance and Economy have explained,” said Lozano.



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