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MEXICOWANDERER's avatar
Sep 15, 2017

Possible Fuel Price WHACK In November...?

PEMEX is deep in talks with the Secretaria de Gobernacion about raising the cost of gasoline and diesel to 40 or 41 pesos per liter 1 November.

This goes against rumors of "easing" of fuel prices. No one wants to see $4.30+ gasoline and diesel (plus pump "error") down here. But don't be surprised if it becomes reality.

My sarcastic nature forces the idea on me if the price jumps it's because the current administration has just so much time to "prepare" being ousted next near with presidential election.

In any event, a shock like this will fuel a substantial inflation spike (dollar wise too) across the board. If I was intent on bringing down a motorhome I would be planning to set aside more money for travel and living costs.

****! I hope this turns out to be a false alarm. IMHO it would be a suicide move by the PRI political party.

15 Replies

  • Thank you for calling me out on it sir. I won't do that again. My face is burning red. I moan about bad info. Physician Heal Thyself time.

    The last three fuel price increases I dismissed as being "unlikely". Boy was I ever wrong. No matter what, twenty pesos per liter is going to provoke unrest that will make the gasolinaza protests look like a girl scout bake sale.

    I need to find a rabbit's foot, four leaf clover, and anything else that would help to sway fate. With Mexico's bureaucratic nonsense about the heavier pickup truck ban, I am utterly despondent about runaway fuel costs. it would mean a sharp jolt of inflation for poor campesinos and the indigenous.
  • Well, I made a mistake too in my calculations but I was in the middle of almost soiling myself when I read the post :)
  • No senor I made an error, and a big one.


    Twenty pesos per liter.

    I apologize. A stupid error made because I became distracted.

    For the life of me regardless of what Javier said, I just cannot imagine this happening. General Strike. Barricades in Mexico City and the certain forever death of the PRI political party.

    Yet it is being discussed and the last time Javier suggested something to me was the Pemex ruse about refinery modernization.

    I cannot afford $4.25+ 6% pump error US per gallon for gasoline. Not on my miserable income.

    To top it off governor Moonbeam, in California added a 17 cents per gallon fuel tax that will start in November. The last I checked last week Communecalifraudnia stations were priced at $3.35 gallon.

    But Javier does not pass along information lightly. If this outrage goes through pipelines down here are going to resemble soaker hoses with hundreds of taps.

    Time to buy a MoPed :(
  • You meant to say centavos not pesos, right? Gas would then be $8.50 a gallon.
  • "IMHO it would be a suicide move by the PRI political party."

    Or a profile in courage doing the right thing?