The News
The News
Wednesday 27 of January 2021

SHCP Postpones Fuel Price Increase


A Petróleos Mexicanos (Pemex) employee dispenses gasoline in Ciudad Juárez, Chihuaha on February 2, 2017,photo: Cuartoscuro/Nacho Ruiz
A Petróleos Mexicanos (Pemex) employee dispenses gasoline in Ciudad Juárez, Chihuaha on February 2, 2017,photo: Cuartoscuro/Nacho Ruiz
This decision was made in response to the high volatility international markets currently experience due to economic uncertainties such as currency exchange rates

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.