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Thursday, March 30, 2023

Gasoline in America cheaper than in Mexico

in petrol America They are cheap again after about four months compared to Mexico, which had a lower price on this side of the border.

According to data collected by the consulting firm till August 8, regular gasoline in the national region was sold at an average rate of 21.90 pesos per litre. petro intelligenceUsed as a source of information by Oneexpo, AMPES and other organizations.

This is the most expensive price on record and it is also the fourth week in a row.

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On the other hand, regular gasoline in the US sold for an average of 21.65 pesos, that is, 25 cents cheaper than in Mexico, which has not been seen since April 18.

combustible After touching a maximum of 26.97 pesos on June 20, it is down for seven consecutive weeks in the US.

President on August 5 Andres Manuel Lopez Obrador He reiterated that: “Gasoline in Mexico is less than in the United States, gasoline is cheaper in Mexico than in European countries … you know that if the price of gasoline goes up, everything goes up.”

Due to the fact that international prices fell recently, the Treasury began to roll back incentives for premium gasoline from August 6 and, in the case of regular, most-consumed, from today.

“As of August 8, the cost of regular fuel is already higher in Mexico than in the United States,” he noted. Alexander Montufer, Director D Petro Intelligence.

In an interview with EL Universal, he speculated that the prices here are going to distance themselves further from the US federation in the coming weeks.

The US has a completely open gasoline market and reacts quickly to oil prices, which have fallen in recent weeks on fears of an economic slowdown, he explained.

A barrel of US oil closed yesterday at $94.09, after trading more than 120 units two months ago, according to a Bloomberg agency report.

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In contrast, Mexico has a market that is controlled through taxes and depends on the purchase of refined gasoline in the US, as six out of every 10 liters consumed come from a neighboring country, Pemex figures show. .

At the beginning of the month, the Secretary of the Treasury, Rogelio Ramirez de la O, Told that 430 billion pesos will be spent on gasoline subsidies this year.

Montufer explained that the government wants to stabilize the market by favoring estimates of costs and expenses for households and companies.

Gasoline depends on petro-prices, government aid, taxes, logistics costs, market competitiveness, security and the ability to satisfy domestic consumption with its own production, as interference with exchange rates and commercial relations when bringing gasoline from abroad it happens. ,

Mexico has not only stopped offering cheaper gasoline than the US, but it is no longer among the countries with the lowest prices in Latin America, indicated data collected by global petrol prices, Source of information used by the federal government and the Bank of Mexico.

Cheap gasoline is sold by Brazil, Argentina, Colombia, Ecuador, Guatemala, Bolivia, El Salvador, Haiti, Trinidad and Tobago and Venezuela; The latter offers the lowest price not only in Latin America, but in the world, with a liter weighing 45 cents.

other side, Hong Kong Sells the most expensive gasoline on the planet: a liter is sold for 60.31 pesos, three times that of Mexico and 134 times more expensive than Venezuela.

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World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
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