Mexico - 05

Mexico: Gasoline Price Rise Takes Toll on Pena Nieto

On 29 July the Ministry of Finance (SHCP) and the Ministry of Energy (SENER), announced that gasoline prices would be raised in August 2016. The increase was significant, as Magna went from 13.40 to 13.98 pesos per liter, while Premium went from 14.37 to 14.81 pesos per liter. Indeed, gasoline prices reached their highest level in 18 years.

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