Tag Archives: Banco de México

Gas Bienestar Launches in CDMX

By THE PULSE NEWS MEXICO STAFF The newly created state-owned natural gas company Gas Bienestar began formal operations on Tuesday, Aug. 31, in Mexico City’s Ixtapalapa Precinct with a starting price 10 percent below the maximum set by the country’s Energy Regulatory Commission (CRE). Gas Bienestar, a subsidiary of the state-run Petróleos Mexicanos (Pemex) oil company, will offer residents of some

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The Great Green Party Horse Trade at San Lázaro

By ALEJANDRO ENVILA FISHER The integration of all the federal deputies of Mexico’s Green Party (PVEM) into President Andrés Manuel López Obrador’s (AMLO) leftist National Regeneration Movement (Morena) party, with the subsequent disappearance of the party as a whole, would, if it were to come to pass (and it very well might), constitute the biggest fraud against the nation’s electorate

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Disgruntled IMSS Retirees Demand Lifetime Savings Returned

By THÉRÈSE MARGOLIS When a then-30-year-old Rosario Hernández Jiménez first took a job as a biochemist for the Oaxaca branch of the Mexican Social Security Institute (IMSS) back in the early 1990s, she was impressed by the worker benefits her new position included. Not only did the IMSS provide her with full medical insurance (it is, after all, the nation’s

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Gasoline Prices in Mexico Soar as Inflation Remains Unchecked

By THE PULSE NEWS MEXICO STAFF Despite efforts by Mexico’s Central Bank (Banxico) last month to rein in inflation through a hike in interest rates, the average price of regular unleaded gasoline hit 24 pesos per liter on Monday, July 12, its highest cost ever, according to the country’s Energy Regulatory Commission (CRE), which is in charge of monitoring fuel

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Pemex Natural Gas Waste Up 51 Percent

By THE PULSE NEWS MEXICO STAFF During the first quarter of 2021, Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) released 50.8 more waste gas into the environment compared to the same period in 2020, reaching the highest average in 12 years, according to the government’s own sources. On average, in the January-to-March 2021 period, 712 million cubic feet of natural

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