An end to the rise in the price of petrol for 2015

The secretary of Finance and Public Credit, Mr. Luis Videgaray announced that by the year 2015 the rise in the price of petrol will come to a halt.

For the past year, Mexico has been subject to a significant raise in the price of petrol- an increase that has been introduced month after month for consumers. Having said this, the secretary of Finance and Public Credit, Mr. Luis Videgaray recently stated that by the year 2015 the monthly rise in the price of petrol will come to a complete halt.

The federal office leader stated that thanks to the approval of the energetic reform in the nation, the monthly rise in the price of petrol will reduce; only the month of January of the year 2014 consumers may see the largest increase of 13 cents, nonetheless months after it will be of 9 cents. By the year 2015, this rise won’t be reflected gradually month by month, but will be directly in accordance to inflation rates, to generally adjust the price of fuel.

According to experts, the approval of the energetic reform will allow the private sector to further invest in the nation; they also indicate that the price of fuel will have a general 50% increase because the before-mentioned subside will be taken away; nonetheless the majority of the competition will encourage a regulation in the price, to avoid extra charges and abuses to the consumers. Specialists also consider that the energetic reform will also bring a higher flow of foreign and private investments into Mexico, turning the nation into a more solid economy.

Today, the rise in the price of petrol is a very strong issue for residents because this raise doesn’t only affect the price of gasoline but also of other basic products.

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