Mexico gasoline and diesel prices Up or Down in July?

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Under the AMLO government, the price of gasoline has increased more than 13%

The quotas applicable to automotive fuels were higher for the coming week; This Friday there is already a decrease in the cost of Magna gasoline

Mexico .- This Friday, July 2, the Ministry of Finance and Public Credit presented in the Official Gazette of the Federation, the agreement by which the percentages and amounts of the fiscal stimulus are disclosed, as well as the reduced tax quotas. special on production and services applicable to fuels.

The federal agency indicated that from Saturday 3 to July 9, these will be the stimuli that gasoline and Diesel will have in Mexico: 

The percentages of the fiscal stimulus for the period in question, applicable to automotive fuels are the following:
49.60% Gasoline less than 91 octane- the week was 53.46%
25.00% Gasoline greater than or equal to 91 octane and non-fossil fuels- the week Last
week it was 29.71%  25.74% Diesel- last week it was 31.90%

The amounts of the fiscal stimulus for the indicated period, applicable to automotive fuels are as follows:
$ 2,5359 Gasoline less than 91 octane- last week it was $ 2,2241
$ 1,0800 Gasoline greater than or equal to 91 octane and non-fossil fuels- last week it was $ 0.6860
$ 1.4470 Diesel- last week it was $ 1.4606

The quotas applicable to automotive fuels are as follows:
$ 2.5779 Gasoline lower than 91 octane – lower than last week which was 2.3907
$ 3.2392 Gasoline greater than or equal to 91 octane and non-fossil fuels – lower than last week which was 3.0359
$ 4.1792 Diesel, lower than last week which was 3.8281

During the week to end, fuel prices were mostly stable and without significant changes. Until this Friday that Magna gasoline lowered its price.

As far this presidential term of President Andres Manuel Lopez Obradorwho are 2 years 7 months, the cost of fuel has increased the 13 percent equivalent in the pockets of citizens in just over 2 pesos per liter, which contrasts with the increase that the government of his predecessor Enrique Peña Nieto had in recent months of 29.68 percent and in the pocket of citizens was more than 4 pesos per liter.

In this municipalityin December 2018 when President Andrés Manuel López Obrador took office , the cost of Magna gasoline was 18.15 pesosPremium at 19.60 pesos and diesel at 19.60 pesos; In January 2019the Magna was increased by 18.35 pesos, the Premium was at 19.60 and the diesel at 19.60 pesos

Last year in the middle of a pandemic the cost of the Magna reached 16.99 pesos and in other municipalities, it reached 15 pesos and from there little by little its cost increased and until this June 30 the Magna is at 20.59 pesosPremium at 20.99 pesos and diesel at 21.65 pesos.

Since the arrival of AMLO in this municipality, the cost of fuel for the Magna is 2.44 pesos, for the Premium it is 1.39 percent, and the diesel at 2.05 pesos, that is, the increase has been minimal compared to the previous government.

WITH PEÑA THE INCREASE WAS GREATER

In January 2016 the cost of Magna gasoline was 13.98 pesos and from there the cost gradually increased, so that on October 15, 2017 the Magna came to 15.04 pesos, the Premium at 16.76 pesos and the Diesel at 15.84 pesos and in December its cost was 15.99 pesos for Magna, Premium at 17.79 pesos and diesel at 17.05 pesos

To conclude the administration of Enrique Peña Nieto, in this municipality the cost was 18.15 pesos, the Premium at 19.60 pesos, and diesel at 19.60 pesos.

Source: presencia.mx, laverdadnoticias.com

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