SHCP Postpones Fuel Price Increase

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times
Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

gasfrontThe 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.

Source: The News

Sign up via our free email subscription service to receive notifications when new information is available.