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Mexico

SHCP Postpones Fuel Price Increase

This decision was made in response to the high volatility international markets currently experience due to economic uncertainties such as currency exchange rates

A Petróleos Mexicanos (Pemex) employee dispenses gasoline in Ciudad Juárez, Chihuaha on February 2, 2017, photo: Cuartoscuro/Nacho Ruiz
By The News Whatsapp Twitter Facebook Share
11 months ago

The Treasury and Public Finance Secretariat (SHCP) announced its decision to postpone the date for fuel price increases for one week in order to give to allow a window of time to raise subsidies on gasoline and diesel prices.

According to data published in the Official Gazette, subsidies increased 0.55 pesos ($0.02) for Magna (low-octane), 0.10 for Premium (high-octane) and 0.45 for diesel. This decision was made in response to the high volatility international markets currently experience due to economic uncertainties such as currency exchange rates.

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