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Economy Secretary Ildefonso Guajardo Villarreal Says Importing Gasoline Will Help Market

Thanks to the joint actions of the federal government and the private sector, Mexico maintains a strong economic position
By The News · 23 of February 2016 12:37:20
CADA MES SE ACTUALIZARÁN PRECIOS DE GASOLINAS, 51229166. México, 29 dic 2015 (Notimex-Isaías Hernández).- La Secretaría de Hacienda y Crédito Público (SHCP) precisó que tras la baja que registrarán los precios de las gasolinas y el diésel en enero de 2016, cada mes se actualizará la fórmula para su determinación.NOTIMEX/FOTO/ISAIAS HERNANDÉZ/IHH/EBF, No available

Ildefonso Guajardo Villarreal, head of the Economy Secretariat (SE), said that the granting of permits to import gasoline and diesel will be healthy for the fuel market in terms of competition. This is healthy for the economy as it involves improving the quality, service and prices in the gasoline market, he added.

Inflation is measured according to the average prices of a set of goods in the economy, so anything that can assist with improving costs is positive, said Guajardo Villarreal.

It should be noted that Mexico experienced an economic growth of 2.5 percent by the end of 2015 and that it has strengthened its sources of Foreign Direct Investment (FDI), which will make other countries want to invest here, he added.

Establishing successful negotiations with Asia will boost the presence of Mexico as a platform for international integration and value transformation.

“Certainly, Mexico faces now the winds of instability in the financial markets. But thanks to the joint actions of the federal government ant the private sector, it maintains a strong position still,” said Guajardo Villarreal.