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Open Roads Forum  >  RVing in Mexico and South America

 > Increase Mexican Fuel Prices

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qtla9111

Monterrey, Mexico

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Posted: 12/29/19 07:13am Link  |  Quote  |  Print  |  Notify Moderator

Our illustrious president has promised.that there will be no increase in fuel prices. That said, he never claimed that wouldn't include increases in IEPS (sin tax) for gasoline, diesel, cigarettes and liquor. He is intent on reviving the failing PEMEX and will throw as much money as possible at it. Current PEMEX debt is 102 billion dollars and he needs an additional 108 billion dollars to bring the existing five refineries up to par and to build his new claim to fame, the refinery Dos Bocas.

Here are the increases for 2020:

En el caso de la Magna, el IEPS tendrá un incremento de 2.911%, respecto del 2019; mientras que la Premium de 2.956% y el diésel de 3.030 por ciento.

Magna 2.911%

Premium 2.95%

Diesel 3.030 %

Feliz Año Nuevo!!!!


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Lwiddis

Monterey, CA

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Posted: 12/29/19 07:20am Link  |  Quote  |  Print  |  Notify Moderator

Last construction estimate I heard was 8 billion dollars.


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qtla9111

Monterrey, Mexico

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Posted: 12/29/19 12:58pm Link  |  Quote  |  Print  |  Notify Moderator

PEMEX debt:

Pemex Debt

El presidente mexicano Andrés Manuel López Obrador heredó a Pemex con 106,000 millones de dólares de deuda financiera cuando asumió su mandato el 1 diciembre de 2018. Su predecesor Enrique Peña Nieto había recibido la petrolera estatal con 61,000 millones de dólares en deuda financiera cuando asumió su cargo el 1 diciembre de 2012.

Mexican President Andrés Manuel López Obrador inherited a Pemex with 106 billion dollars of financial debt when he took office on December 1, 2018. His predecessor Enrique Peña Nieto had inherited the state oil company with 61 billion dollars in financial debt when he assumed his position on December 1, 2012.

playaboy

riviera maya

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Posted: 12/29/19 03:26pm Link  |  Quote  |  Print  |  Notify Moderator

Dam, when you do the math for diesel it comes out to a $0.13 USD a gallon increase.

I am going to fill up manana.

moisheh

North America

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Posted: 12/30/19 06:26pm Link  |  Quote  |  Print  |  Notify Moderator

When will they give up on Pemex
Technically it is bankrupt.
Moisheh

playaboy

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Posted: 01/14/20 05:39am Link  |  Quote  |  Print  |  Notify Moderator

It has been 2 weeks since the tax increase on fuel went into effect. I have not noticed any increase in prices. Do you think the dealers absorbed the increase?

qtla9111

Monterrey, Mexico

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Posted: 01/14/20 06:23am Link  |  Quote  |  Print  |  Notify Moderator

A lot depends on where you buy your fuel. Every Monday on the president's daily two-hour rant of which I watch everyone, there is a presentation from PROFECO (Mexico's BBB) that lists the stations with the highest and the lowest prices. This week, Costco Tabasco came in with a price of 17.96 per liter (Magna) and the highest was almost 23 pesos per liter (Magna).

In many cases, to remain competitive, franchise owners are absorbing the cost.

For those not familiar with PROFECO, apart from consumer complaints, they also list all products for sale in Mexico with the highest and lowest prices in the section of their website called, "Quien Es Quien". Very useful.

Talleyho69

Playa la Ropa, Zihuatanejo, Mexico

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Posted: 01/14/20 06:26am Link  |  Quote  |  Print  |  Notify Moderator

Magna here yesterday was 20.44, at a Pemex in Zihuatanejo on highway 200.

* This post was edited 01/14/20 05:48pm by Talleyho69 *

iguana07

Exeter, CA. USA

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Posted: 01/14/20 05:23pm Link  |  Quote  |  Print  |  Notify Moderator

Here yesterday we paid 19.96 for Magna


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Talleyho69

Playa la Ropa, Zihuatanejo, Mexico

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Posted: 01/14/20 05:46pm Link  |  Quote  |  Print  |  Notify Moderator

Where are you? Was it a Pemex?

The input on the fuel prices is greatly appreciated.

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