June 20, 2019
Latest News

Mexican gov't reveals cheapest, most expensive places for fuel

Mexico City, Apr 15 (efe-epa).- The federal government on Monday revealed the average price for fuel by brand and which service stations in Mexico had the cheapest and most expensive gasoline prices.

From now, on the government will provide information on the fuel industry every Monday, President Andres Manuel Lopez Obrador said during his daily press conference at the National Palace.

Last week, the federal government had blamed higher profit margins at fuel distributors for the increase in the price of gasoline and liquefied petroleum gas (LPG).

Energy Secretary Rocio Nahle said that in the country there are 12,500 gas stations divided into eight zones and announced the average prices per brand and type of fuel: regular, premium and diesel.

Among the most expensive distributors were Shell, G500, FullGas and Walmart, while PetroSeven, Arco and Gulf were the cheapest.

State-owned Petroleos Mexicanos (Pemex), which owns its own gas stations, is at the mid-point on the list, offering its fuel at very average prices.

Nahle also revealed a list of service stations with the highest and lowest gasoline prices nationwide.

On the list, six of the 10 most expensive gas stations were in the western state of Michoacan.

Most of the cheaper gas stations were in the northeastern state of Tamaulipas, which borders Texas.

Pemex CEO Octavio Romero, for his part, said that the company sells gasoline to other competitors at a price that varies according to inflation.

However, depending on the type of fuel, some gas stations have higher prices that are above the inflation ceiling.

Lopez Obrador, the founder and leader of the leftist National Regeneration Movement (Morena), said he wanted to "clarify" that some gas stations are more expensive due to the distance between the service station and the storage terminal.

Lopez Obrador, popularly known as AMLO, said it was "very important" to establish the average corporate prices and declared that on April 22 they would announce the prices for liquefied petroleum gas (LPG).

When questioned by the press, AMLO said that there are operators that control hundreds of service stations, adding that the "most important thing is to avoid monopoly practices."

On April 9, AMLO said "(the government) is keeping (its commitment) to not raising the price of fuel. However, the increases are occurring because the profit margins of the fuel distributors have gone up."

The president called on gasoline station operators and distributors to act "responsibly" and "not abuse" consumers.

Mexico deregulated gasoline prices in 2017, ending the process in December of that year.

Before the government started deregulating fuel prices in March 2017, officials had set price hikes in the range of 14 percent to 20 percent effective on Jan. 1, a move that led to protests across Mexico.

The administration of Lopez Obrador, who took office on Dec. 1, has vowed several times to not raise the price of fuel and other essential products above the inflation rate.

News history
Gaudi, flamenco and sun: Spain is sold in China as the ideal film set

By Paula Escalada Medrano.

34th ASEAN summit kicks off in Bangkok with economy, security topping agenda

By David Latona

Mexico's Senate ratifies USMCA in extraordinary session

Mexico City, Jun 19 (efe-epa).- Mexico's Senate on Wednesday ratified a trilateral trade deal meant to supersede the North American Free Trade Agreement...

Fed keeps US interest rates unchanged

Washington, Jun 19 (efe-epa).- The United States Federal Reserve on Wednesday left its benchmark interest rate unchanged despite President Donald Trump's...

What to know about Libra cryptocurrency

New York (USA), Jun 19 (efe-epa).-Facebook just disclosed the first details of its long-anticipated cryptocurrency, called Libra, according to a Dow Jones...

Xi, Trump hold telephone conversation ahead of G20 Summit

Beijing, Jun 19 (efe-epa).- The presidents of China and the United States held a telephone conversation about the ongoing tariff dispute between the two...

Japan's exports fall for sixth straight month in May

By Mayumi Negishi

Bolivia inaugurates its 1st capsule hotel

La Paz, Jun 18 (efe-epa).- Comfort and a futuristic style come together in Bolivia's first capsule hotel, which starting this Tuesday will offer lodging to...

Trump's trade rep sees progress on quick USMCA pact approval

Washington, Jun 18 (efe-epa).- US Trade Representative Robert Lighthizer on Tuesday emphasized his office's "constructive" talks with Democratic lawmakers...

Trump says he'll meet with Xi at G20

Washington, Jun 18 (efe-epa).- President Donald Trump said Tuesday that he would have "an extended meeting" with his Chinese counterpart, Xi Jinping, at the...

Facebook reveals Libra, ambitious foray into world of digital currency

San Francisco (USA), Jun 18 (efe-epa).- Facebook on Tuesday unveiled plans to launch a digital currency called Libra which will allow people to send money...

Bitcoin tops $9,000 as crypto rally trounces stocks

Hong Kong, China, Jun 18 (efe-epa).- The price of bitcoin has risen above $9,000, extending a rebound that has made cryptocurrencies far outperform...

Paris air show opens with Airbus advantage over Boeing

By Angel Calvo

Indian doctors stage strike demanding security at hospitals

New Delhi, Jun 17 (efe-epa).- Doctors across India on Monday went on strike to protest against the lack of security after a mob attacked healthcare...

London-Shanghai stock link opens, uniting British and Chinese exchanges

London, Jun 17 (efe-epa).- The London-Shanghai Stock Connect began operating on Monday, joining the British and Chinese stock exchanges for the first time...

Iran to exceed enriched uranium stockpile limits in 10 days

By Marina Villén

Southeast Asia side-steps US-China war over 5G technology

By Gaspar Ruiz-Canela.

Huawei revenue $30 billion less than forecast, founder says

Beijing, Jun 17 (efe-epa).- Huawei’s founder and CEO on Monday said the Chinese telecom giant’s revenues will be $30 billion less than expected over the...

Electricity restored in Argentina after historic blackout

Buenos Aires, Jun 16 (efe-epa).- A massive failure in the electrical grid caused Argentina to wake up Sunday on Father's Day and with elections in four...

Colombian agency makes investment pitch in New Zealand and Australia

Bogota, Jun 16 (efe-epa).- A delegation from Invest in Bogota, which promotes investment in Colombia's capital, is meeting with investors in New Zealand and...

Argentina recovers electricity after massive Father's Day blackout

Buenos Aires, Jun 16 (efe-epa).- Argentines woke to a massive blackout on Sunday - when the country was both celebrating Father's Day and four provinces...

Village in Lebanon marks Cherry Day with abundant harvest

The village of Hammana, southeast of Beirut, Lebanon is known for its cherries blooming and has celebrated Cherry Day for fifty years.

Citroën marks 100 years of innovation with public display in Paris

By Marta Garde

1 Miner rescued in northern Chile, another found dead, a third missing

Santiago, Jun 15 (efe-epa).- Of a group of three Bolivians trapped inside a mine in northern Chile, one has been rescued alive, a second was found dead and...

I agree Welcome to news4europe.eu. We use cookies to improve your online experience. Find out more.