Tag Archives: Magna

AMLO Suspends Subsidies for Premium Gasoline

PULSE NEWS MEXICO Mexican President Andrés Manuel López Obrador (AMLO) on Friday, Aug. 5, announced the his administration would no longer provide financial subsidies to offset the high cost of premium gasoline. In March of this year, after global oil prices skyrocketed as a result of the war in Ukraine, López Obrador ordered the Treasury to provide a nationwide Special

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North American Integration Means Foreign Direct Investment for Mexico

OPINION By MAGDALENA CARRAL Part of an ongoing series from the Wilson Center* Over the past few years, investment conditions in Mexico have been increasingly questioned by analysts and the media, citing decisions such as the cancellation of the Constellation Brands plant in Mexicali and the Mexico City New International Airport that was being constructed in Texcoco. Is it possible that

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Mexico Suspends Gasoline Subsidies at Northern Border, Then Reinstates Them

By THE PULSE NEWS MEXICO STAFF After thousands of U.S. drivers were crossing into the country to fill up their tanks on Mexican government-subsidized gasoline, the nation’s Treasury Secretariat (Hacienda) on Saturday, April 2, announced that it will suspend gas subsidies along the northern border, effective immediately, at least through Friday, April 8. Two days later, Mexican President Andrés Manuel

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Keeping Gas Prices Low Will Cost Mexican Government Dearly

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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