OPINION By MARK LORENZANA Mexican President Andrés Manuel López Obrador (AMLO) loves delivering long-winded speeches. Anyone who has the stamina (and nothing else to do) should tune in sometime to his daily morning press conferences at the Palacio Nacional to experience firsthand how truly agonizing these morning sessions can be — they last for hours. U.S. President Joe Biden had
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By MARK LORENZANA The value of oil imports and the trade deficit in hydrocarbons reached an all-time high in the first five months of the year due to the global rise in crude oil prices, a situation that could complicate Mexico’s public finances, experts said on Tuesday, June 28. From January to May of this year, the prices of light
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By THE PULSE NEWS MEXICO STAFF Keeping President Andrés Manuel López Obrador’s (AMLO) promise on Thursday, March 3, to not raise gasoline prices as global crude oil prices soar will come with a hefty price tag for his administration, experts warned on Friday, March 4. Just last January, the fiscal stimulus granted by the government to gasoline consumers represented a
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By KELIN DILLON According to data from the PetroIntelligence platform, gas prices throughout Mexico rose by a total of 20 percent from December 2020 to the week of Oct. 18, 2021, impacting transportation costs and the pocketbooks of the Mexican consumer. While one liter of gasoline was registered at national average of 18.52 last December, this week’s pricing puts a
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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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By THE PULSE NEWS MEXICO STAFF Gasoline theft might have dropped significantly as a result of Mexican President Andrés Manuel López Obrador’s (AMLO) ambitious crackdown on huachicoleo (fuel piracy), but its consumers who are paying the price at the pumps. According to government’s Energy Regulatory Commission (CRE), between the second and third weeks of February, the average price nationwide of
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By THÉRÈSE MARGOLIS Just days before he is due to step down after a six-year term as president of Mexico, Enrique Peña Nieto raised the price of gasoline on Friday, Nov. 23. Peña Nieto’s Institutional Revolutionary Party (PRI), which ran the country essentially uncontested for more than seven decades until the year 2000, lost overwhelmingly in Mexico’s July 1 elections to
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