The cost of fuel in Mexico now in relation to the average wage is amongst the highest in the World.
Mexico has been short sighted in its oil policies and has missed the opportunity for foreign investment for deep sea oil exploration.
Paul Michael - 7 years ago
The cost of fuel in Mexico now in relation to the average wage is amongst the highest in the World.
Mexico has been short sighted in its oil policies and has missed the opportunity for foreign investment for deep sea oil exploration.
Dee - 7 years ago
I agree that it's necessary and overdue, but perhaps they could have spread the increase over 2 or 3 months. I'm concerned for fishermen; most of them have a slim profit margin to begin with. But in general, the cost can be absorbed by businesses with some minor price increases. The gas subsidies of the past were just another advantage given to the rich, anyway. My driver (pulmonero) says he's paying about 3 pesos per liter more, and doesn't seem concerned. So, who are these protesters?
RAK - 7 years ago
Many might not like this but it is well overdue. The subsidy which has been paid was only for car owners. An INEGI analysis of the buyers of gas and lubricants shows that 20% of the population buys 64% of the product. So the Government has been subsidising the richer part of the population. Unpopular, badly explained but well overdue.
The cost of fuel in Mexico now in relation to the average wage is amongst the highest in the World.
Mexico has been short sighted in its oil policies and has missed the opportunity for foreign investment for deep sea oil exploration.
The cost of fuel in Mexico now in relation to the average wage is amongst the highest in the World.
Mexico has been short sighted in its oil policies and has missed the opportunity for foreign investment for deep sea oil exploration.
I agree that it's necessary and overdue, but perhaps they could have spread the increase over 2 or 3 months. I'm concerned for fishermen; most of them have a slim profit margin to begin with. But in general, the cost can be absorbed by businesses with some minor price increases. The gas subsidies of the past were just another advantage given to the rich, anyway. My driver (pulmonero) says he's paying about 3 pesos per liter more, and doesn't seem concerned. So, who are these protesters?
Many might not like this but it is well overdue. The subsidy which has been paid was only for car owners. An INEGI analysis of the buyers of gas and lubricants shows that 20% of the population buys 64% of the product. So the Government has been subsidising the richer part of the population. Unpopular, badly explained but well overdue.