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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
8 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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