BajaNomad
Not logged in [Login - Register]

Go To Bottom
Printable Version  
Author: Subject: Mexico to Raise Gasoline Price to Market Rate by 2010
SUNDOG
Nomad
**




Posts: 176
Registered: 8-9-2006
Location: Baja
Member Is Offline


[*] posted on 9-9-2008 at 09:00 AM
Mexico to Raise Gasoline Price to Market Rate by 2010


Mexico to Raise Gasoline Price to Market Rate by 2010

Mexico to Raise Gasoline Price to Market Rate by 2010 (Update1)

By Andres R. Martinez and Jens Erik Gould

Sept. 9 (Bloomberg) -- Mexico will increase the price of gasoline sold by state-owned oil company Petroleos Mexicanos on a weekly basis until it reaches international market rates in 2010, Finance Minister Agustin Carstens said.

Gasoline prices in Mexico will reach market rates as the government gradually eliminates its subsidy, Carstens said in an interview on Televisa television today.

``We are proposing to reduce the subsidy to free the country's budget and to give a benefit to all the other sectors of the economy,'' Carstens said.

Gasoline subsidies will fall 43 percent to 138 billion pesos ($13.1 billion) next year, according to President Felipe Calderon's budget proposal. Pemex, as the Mexico City-based company is known, is the sole domestic distributor of the fuel.

Mexico imports about 40 percent of the gasoline consumed in the country.

To contact the reporter on this story: Andres R. Martinez in Mexico City at amartinez28@bloomberg.net; Jens Erik Gould in Mexico City at jgould9@bloomberg.net;

Last Updated: September 9, 2008 10:57 EDT
View user's profile Visit user's homepage
CaboRon
Ultra Nomad
*****




Posts: 3401
Registered: 3-24-2007
Location: The Valley of the Moon
Member Is Offline

Mood: Peacefull

[*] posted on 9-9-2008 at 12:12 PM


They have to do it ...

The subsidy is sucking the economy dry ...

CaboRon




View user's profile
David K
Honored Nomad
*********


Avatar


Posts: 64855
Registered: 8-30-2002
Location: San Diego County
Member Is Offline

Mood: Have Baja Fever

[*] posted on 9-9-2008 at 12:21 PM


San Diego area gas is still dropping... $3.60's. Will be on par with Mexico prices soon... Perhaps Mexico won't need to raise theirs?



"So Much Baja, So Little Time..."

See the NEW www.VivaBaja.com for maps, travel articles, links, trip photos, and more!
Baja Missions and History On Facebook: https://www.facebook.com/groups/bajamissions/
Camping, off-roading, Viva Baja discussion: https://www.facebook.com/groups/vivabaja


View user's profile Visit user's homepage
Bruce R Leech
Elite Nomad
******


Avatar


Posts: 6796
Registered: 9-20-2004
Location: Ensenada formerly Mulege
Member Is Offline

Mood: A lot cooler than Mulege

[*] posted on 9-9-2008 at 12:31 PM


one thing you can count on is they wont lower it when the market falls:no:



Bruce R Leech
Ensenada

View user's profile
Hook
Elite Nomad
******




Posts: 9010
Registered: 3-13-2004
Location: Sonora
Member Is Offline

Mood: Inquisitive

[*] posted on 9-9-2008 at 04:41 PM


No mention of diesel....................WHOO-HOO !!!!!



View user's profile
CaboRon
Ultra Nomad
*****




Posts: 3401
Registered: 3-24-2007
Location: The Valley of the Moon
Member Is Offline

Mood: Peacefull

[*] posted on 9-9-2008 at 05:45 PM


Quote:
Originally posted by Hook
No mention of diesel....................WHOO-HOO !!!!!


Dream On Hook :lol::lol::lol:




View user's profile

  Go To Top

 






All Content Copyright 1997- Q87 International; All Rights Reserved.
Powered by XMB; XMB Forum Software © 2001-2014 The XMB Group






"If it were lush and rich, one could understand the pull, but it is fierce and hostile and sullen. The stone mountains pile up to the sky and there is little fresh water. But we know we must go back if we live, and we don't know why." - Steinbeck, Log from the Sea of Cortez

 

"People don't care how much you know, until they know how much you care." - Theodore Roosevelt

 

"You can easily judge the character of others by how they treat those who they think can do nothing for them or to them." - Malcolm Forbes

 

"Let others lead small lives, but not you. Let others argue over small things, but not you. Let others cry over small hurts, but not you. Let others leave their future in someone else's hands, but not you." - Jim Rohn

 

"The best way to get the right answer on the internet is not to ask a question; it's to post the wrong answer." - Cunningham's Law







Thank you to Baja Bound Mexico Insurance Services for your long-term support of the BajaNomad.com Forums site.







Emergency Baja Contacts Include:

Desert Hawks; El Rosario-based ambulance transport; Emergency #: (616) 103-0262