Stories have been circulating since late November 2017 about the skyrocketing prices of gasoline in Mexico. Prices rose from approximately $18 pesos per gallon to their current levels of over $30, but some stations sell gasoline priced as high as $40 per gallon. Presently, the government offers monthly discounts on domestic gasoline sales aimed to help low-income families manage through the gasolinazo, but many citizens remain highly concerned about the future price of gas.
The Mexican government’s recent 20% hike in gasoline prices, dubbed the “gasolinazo,” has caused public outrage and protests throughout the country. The price increase comes as a result of the government’s deregulation of the fuel market, which was previously controlled by the state-owned oil company Pemex.
The gasolinazo has already begun to affect consumers, who are facing higher prices at the pump. In addition, the new prices are expected to lead to increases in the cost of goods and services, as businesses pass on their higher fuel costs to customers.
There are several ways that people can try to offset the impact of the gasolinazo. Mexicans living close to the border may choose to purchase gasoline in neighboring countries, where prices are lower. Others may cut back on driving or carpool more often. And some people are simply stockpiling gasoline in advance of further price hikes.
In the long term, however, it is unclear how effective these coping strategies will be. The best solution for high gas prices may be for the Mexican government to invest in alternative energy sources, such as solar and wind power. This would help to insulate Mexico from global oil price shocks and reduce its dependence on imported fuels.
Why the gasolinazo?
The Mexican government has been subsidizing gasoline for decades, but the newly elected President, Andrés Manuel López Obrador, has decided to end this practice. This decision will result in a price increase at the pump of 20-24% for Mexican consumers. The price hike is being called the “gasolinazo” and it is set to go into effect on January 1, 2019.
The rationale behind the gasolinazo is that the subsidy was costing the government billions of dollars every year, and that by ending it, they will be able to free up resources to invest in other areas, such as infrastructure and poverty alleviation. The reality, however, is that many Mexicans are already struggling to make ends meet and this price increase will only make things worse.
There have been protests against the gasolinazo across Mexico, with some people even blockading fuel trucks in an attempt to prevent the price increase from taking effect. It remains to be seen how effective these protests will be, but what is clear is that the gasolinazo is going to hit Mexicans hard in the pocketbook.
How does the gasolinazo affect you?
The price of gasoline is going up, and that’s going to have an effect on your wallet. Here’s what you need to know about the gasolinazo, how it will affect you, and how to get rid of outrageous prices.
The gasolinazo is a result of the Mexican government increasing the price of gasoline by 20 percent. The price hike is designed to help the country balance its budget, but it comes at a cost to consumers.
The average person in Mexico spends about 3 percent of their income on gasoline, so the increase will have a significant impact on their finances. In addition, the country’s inflation rate is expected to increase by 0.4 percent as a result of the gasolinazo.
To offset the increased costs, many people are cutting back on spending in other areas or looking for ways to save money on gasoline. For example, some people are carpooling or using public transportation more often. Others are buying less petrol-intensive vehicles or selling their cars altogether.
In addition to affecting your wallet, the gasolinazo may also impact your safety. There have been reports of violence and looting in response to the price hike, so it’s important to be aware of your surroundings if you’ll be traveling in Mexico.
If you’re planning a trip to Mexico, keep in mind that the gasolinazo will likely cause prices for goods and services to increase across the board. It’s a good idea to budget extra money
What to do during the gasolinazo
If you’re living in Mexico, you’re probably all too familiar with the term “gasolinazo.” In case you’re not, it’s basically a nationwide gas price hike that happens every now and then. And unfortunately, it looks like we’re in for another one. Here’s what you need to know about the gasolinazo, how it will affect you and what you can do to ease the burden on your wallet.
First things first, let’s talk about what the gasolinazo actually is. Essentially, it’s a sudden increase in fuel prices that is implemented by the government. This usually happens overnight and without any prior warning, which obviously doesn’t give people much time to prepare.
The last time this happened was back in January of 2017 and before that, it was December of 2016. So as you can see, it’s not exactly something that happens on a regular basis. But when it does happen, it causes quite a bit of inconvenience (and financial strain) for everyone involved.
Now that we’ve got that out of the way, let’s talk about how this will affect you. Obviously, the most direct impact is going to be felt at the pump. We can expect fuel prices to go up anywhere from 10-20% overnight. This means that a gallon of gasoline that currently costs around $3 could jump up to as high as $3.60 or more.
Of course, this also means that the prices of goods
With gas prices on the rise, the Mexican government has introduced a new set of taxes called the “gasolinazo”. This move is expected to cause an increase in the price of gasoline by 20%, which will undoubtedly have an impact on the daily lives of Mexicans. In this article, we’ve explained what you can expect from the gasolinazo, how it will affect you and what measures you can take to get rid of outrageous prices. We hope this information has been helpful and wish you all the best during these tough times.