LP Gas increases in areas of the country up to 53.5% in the year

By Elliot Bullman

The total liberation of the market since January of this year has caused a regional differentiation, according to the CRE

Between December last year and November 2017, consumer prices for liquefied petroleum gas (LP) have increased by upto 53.5%, reaching 21.7 pesos per kilo, according to the statistics of the Energy Regulatory Commission (CRE).

gas lpPhoto Credits: Website Mi punto de vista

This rise has been caused by internal factors such as increases in the price of raw materials, the lack of availability of wholesale transport logistics and the still small number of distributors in the country.

Regional Differences

The total privatisation of the LP gas market since January caused a wide regional differentiation between the highest and the lowest pricing levels. In some regions of the country LP gas costs between 15.71 and 17.11 pesos per kilogram and in others the range is between 19.11 to nothing less than 21.70 pesos per kilogram.

gas

Among the regions that had the highest increases are Baja California Sur, which is the worst connected zone in the country in terms of logistics.

gas lp 2Photo Credits: Website Breaking

Campeche does not have distributors and all the gas travels in via other states. Tamaulipas has high security costs, Michoacán and the central Pacific have no access to the Manzanillo terminal owned by Zeta Gas and some points in the Valley of Mexico face distortions among competitors.

RELATED NEWS

  • Spain and Mexico’s Trade Relations Curdle over Manchego DisputeSpain and Mexico’s Trade Relations Curdle over Manchego Dispute
  • Cape Town Water crisis: Cape Town Water crisis: 'Day Zero' Draws Near
  • MORGAN STANLEY: Here are the 6 internet stocks to bet on in 2018MORGAN STANLEY: Here are the 6 internet stocks to bet on in 2018
  • Ford announces $11B investment, 40 electrified vehicles by 2022 at Detroit Motor ShowFord announces $11B investment, 40 electrified vehicles by 2022 at Detroit Motor Show
  • Automobile Revenues will fall 40% due to Electric and Autonomous VehiclesAutomobile Revenues will fall 40% due to Electric and Autonomous Vehicles
  • Mexico debuts its best startups for 2018 at CESMexico debuts its best startups for 2018 at CES
  • Inside the Secret Society Running the World of CryptocurrencyInside the Secret Society Running the World of Cryptocurrency
  • Opinion: Who Will Profit Off the Next Crash?Opinion: Who Will Profit Off the Next Crash?
  • This is how Jeff Bezos will support the This is how Jeff Bezos will support the 'dreamers'
  • Oil Reaches $70 a Barrel for First Time in Three YearsOil Reaches $70 a Barrel for First Time in Three Years
  • Peso predicted to make comeback in 2018: BloombergPeso predicted to make comeback in 2018: Bloomberg
  • Chihuahua´s governor denounces Government reprisals for PRI corruption investigationChihuahua´s governor denounces Government reprisals for PRI corruption investigation
WATCH LIVE TV



Most Read Articles
Most Watched Videos
  • Generations Riviera Maya
  • Mayair

Language

Mexico News Network
All rights Reserved 2018