Jan. 2015 Update for 2015 PEMEX Prices
The Mexico Daily News has reported that:
“The finance secretariat advised in a prepared statement that prices now in effect — the December prices plus 1.9% — would be maintained throughout the year. The news release also confirmed that the new prices are actually maximums — individual Pemex franchises will have the freedom to adjust their prices downwards to be more competitive if they wish.
Liquid propane also went up 1.9% yesterday, and that price as well will not be subject to any change in 2015.
Finance officials also made it clear that the price hike is less than the anticipated rate of inflation — 3% to 4% — for the coming year, thereby reducing the cost of fuel in real terms.
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