Protests greet 20% patrol price hike in Mexico
- 7 years ago
Decades of government-set petrol prices are coming to an end in Mexico, and the first step of that process has seen price rises of more than 20%. It has also seen street protests.
Consumers face a more expensive new year with standard grade up by more than 14% while the premium grade is up by more than 20%. Diesel is up by 16.5%.
Tortilla makers, taxi drivers, farmers and commercial enterprises announce rise in prices due to increased gas prices #Mexico https://t.co/XM0aTC0DhJ— #J20 GENERAL STRIKE (@puzzleshifter) December 29, 2016
“Yes, the gasoline issue is a problem. But the problem isn`t that the price is going up. The problem is that for more than 30 years they haven`t built refineries. They steal all the tax money. And this means the country has to import gasoline,” said one man.
“It`s a demonstration of complete rejection of what the government has done. The gasoline issue is the last straw the country needed to further destroy itself,” said one woman.
#Guadalajara, #Mexico- rumors of attacks planned on gas stns in Jalisco starting 10pm on 12/30. Monitor local media. https://t.co/NDnr51l8Uj— Travel – State Dept (@TravelGov) December 30, 2016
Through 2017 reforms will create a free market in energy, but inflation, already running at more than the target 3% , will get another boost on top of the effects of November’s peso devaluation.
Today's blog covers 1) #Mexico #energy reform 2) #gasoline exports 3) retail gas prices 4) stocks 5) SPR #oil sales https://t.co/SdLkcPVBDU— Matt Smith (@mattvsmith01) December 22, 2016
Consumers face a more expensive new year with standard grade up by more than 14% while the premium grade is up by more than 20%. Diesel is up by 16.5%.
Tortilla makers, taxi drivers, farmers and commercial enterprises announce rise in prices due to increased gas prices #Mexico https://t.co/XM0aTC0DhJ— #J20 GENERAL STRIKE (@puzzleshifter) December 29, 2016
“Yes, the gasoline issue is a problem. But the problem isn`t that the price is going up. The problem is that for more than 30 years they haven`t built refineries. They steal all the tax money. And this means the country has to import gasoline,” said one man.
“It`s a demonstration of complete rejection of what the government has done. The gasoline issue is the last straw the country needed to further destroy itself,” said one woman.
#Guadalajara, #Mexico- rumors of attacks planned on gas stns in Jalisco starting 10pm on 12/30. Monitor local media. https://t.co/NDnr51l8Uj— Travel – State Dept (@TravelGov) December 30, 2016
Through 2017 reforms will create a free market in energy, but inflation, already running at more than the target 3% , will get another boost on top of the effects of November’s peso devaluation.
Today's blog covers 1) #Mexico #energy reform 2) #gasoline exports 3) retail gas prices 4) stocks 5) SPR #oil sales https://t.co/SdLkcPVBDU— Matt Smith (@mattvsmith01) December 22, 2016