Whale-ista
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Pemex: Gasoline, diesel prices to drop 3% Friday
Gasoline, diesel prices to drop 3% Friday
Gasoline prices will drop 3% on Friday as a result of the next step toward an unregulated gasoline market in Mexico when a new pricing scheme goes
into effect.
Unlike 2015, when a single gasoline price was officially calculated and established at the beginning of the year, 2016 will be characterized by
monthly fluctuations, following the behavior of the international market.
The Finance Secretariat (SHCP) announced that the maximum price of magna will drop 41 centavos to 13.16 pesos per liter, and premium to 13.98. The
price of diesel will drop to 13.77 pesos per liter. It will be the first time in nearly seven years that fuel prices will have dropped.
Monthly prices will be set within a range of no more than 3% above or below the previous month�s price, said Revenue Undersecretary Miguel Messmacher
Linartas, who explained that the idea behind the pricing scheme was to allow consumers to get used to an unregulated market.
He said new pricing scheme comes as a result of energy reforms, which call for a completely liberalized market by 2018. As part of the transition
process, service stations other than Pemex franchises will be able to operate beginning Friday.
By 2017, the market will be opened to allow gasoline imports.
In the north, meanwhile, fuel prices will remain lower than the rest of the country, at up to 9.59 pesos within 20 kilometers of the border, a
continuing strategy intended to dissuade Mexican drivers from crossing the border to buy their fuel in the U.S.
Despite the strategy, some of those drivers have been ticked that Texans can buy Pemex gas for seven pesos now that the state oil company has opened a
station in Houston, its first outside Mexico.
The president of the Association of Mexican Gas Station Owners, Pablo Gonz�lez C�rdova, said customers in northern Mexico, when asked if they wish
magna or premium, say they want neither.
Instead, they ask for the �gringo gas� for seven pesos.
Source: Exc�lsior (sp), El Financiero (sp)
http://mexiconewsdaily.com/news/gasoline-diesel-prices-to-dr...
\"Probably the airplanes will bring week-enders from Los Angeles before long, and the beautiful poor bedraggled old town will bloom with a
Floridian ugliness.\" (John Steinbeck, 1940, discussing the future of La Paz, BCS, Mexico)
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bajajudy
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Stations around here offered 30centavos off per liter and now it is 50 off. They are giving a good exchange rate too
Competition!?!?! I think overbuilding.
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StuckSucks
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Can I interpret this to mean good things (competition, lower prices) for us consumers?
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David K
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Mexico's version of April Fool's Day was yesterday, right?
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Maron
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we shall see, hope it happens, doubt that it does
if it does, the extra money will go towards wonderful beer and excellent food.
[Edited on 12-30-2015 by Maron]
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Hook
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I think it will happen, but only 3%? With as far as oil has fallen in the last year, it's a pittance.
So, if oil goes up from these lows, will Pemex begin tacking more on in this new "unregulated" environment?
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sargentodiaz
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Gasoline, diesel prices to drop 3% Friday
Found this this morning on Mexico News Daily.
The Finance Secretariat (SHCP) announced that the maximum price of magna will drop 41 centavos to 13.16 pesos per liter, and premium to 13.98. The
price of diesel will drop to 13.77 pesos per liter. It will be the first time in nearly seven years that fuel prices will have dropped. Monthly
prices will be set within a range of no more than 3% above or below the previous month�s price, said Revenue Undersecretary Miguel Messmacher
Linartas, who explained that the idea behind the pricing scheme was to allow consumers to get used to an unregulated market. - See more at: http://mexiconewsdaily.com/news/gasoline-diesel-prices-to-dr...
Is this a trend? Good or bad? 
Read the full story @ http://mexiconewsdaily.com/news/gasoline-diesel-prices-to-dr...
[Edited on 12-30-2015 by sargentodiaz]
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durrelllrobert
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Quote: Originally posted by sargentodiaz  |
Found this this morning on Mexico News Daily.
The Finance Secretariat (SHCP) announced that the maximum price of magna will drop 41 centavos to 13.16 pesos per liter, and premium to 13.98. The
price of diesel will drop to 13.77 pesos per liter. It will be the first time in nearly seven years that fuel prices will have dropped. Monthly
prices will be set within a range of no more than 3% above or below the previous month�s price, said Revenue Undersecretary Miguel Messmacher
Linartas, who explained that the idea behind the pricing scheme was to allow consumers to get used to an unregulated market. - See more at: http://mexiconewsdaily.com/news/gasoline-diesel-prices-to-dr...
Is this a trend? Good or bad?
Read the full story @ http://mexiconewsdaily.com/news/gasoline-diesel-prices-to-dr...
[Edited on 12-30-2015 by sargentodiaz] |
However there could be an additional "FLAT TAX" on top of those maximum prices per litro:
http://www.theyucatantimes.com/2015/10/mexican-gas-pump-prices-to-climb-in-2016/
"Beginning Jan. 1, 2016, Mexican motorists will have to pay between 3.52 and 4.58 pesos (USD $0.21 to $0.28) per liter of gasoline or diesel they buy,
in addition to the current price of the fuel.
The special tax that the House of Representatives approved last week as part of the 2016 tax rules releases fuel
prices to supply and demand and the establishment by the federal government of a monthly cost reference to which such a tax would be added.
According to the measure, which was sent to the Senate for ratification, consumers should face an additional flat rate of 4.16 pesos per liter of
Magna gasoline, of 3.52 pesos per liter of Premium and 4.58 pesos per liter of diesel.
The increase in fuel prices is due to a significant variation contained in this opinion on the dollar, which rises from 15.90 to 17.40 pesos per
dollar, and the tax to be charged on gasoline will be stable throughout the year, as it is updated annually."
Bob Durrell
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durrelllrobert
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Does left hand know what right hand is doing?
House of Representatives approvedly to Sargentodiaz post above
Bob Durrell
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durrelllrobert
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| Quote: Originally posted by Hook | I think it will happen, but only 3%? With as far as oil has fallen in the last year, it's a pittance.
So, if oil goes up from these lows, will Pemex begin tacking more on in this new "unregulated" environment? |
But only 3%?
My loca PEMEX is still at 13.57 pesos/ litro for Magna and a 3% reduction will bring that down to 13.16 which will make the price in USD for a US
gallon $2.85 using todays exchange rate of 17.4 p/ $US. Average price in San Diego is $3.019 today.
Bob Durrell
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bajagrouper
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Mood: happy and retired
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2 cents a liter will be the savings........
I hear the whales song
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Udo
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Mood: TEQUILA!
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Very astute of you, Bob!
Udo
Youth is wasted on the young!
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BajaNomad
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Threads Merged
12-30-2015 at 05:53 PM |
BajaNomad
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Thread Moved
12-30-2015 at 05:54 PM |
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