Mexico Will Have Mega Gasoline Price Increase on January 1, 2015 El Jefazo - The Fulano Forum
go to original November 5, 2014

The 3% increase in gasoline starting January 1, 2015 will be another hard blow to the budgets of Mexicans, and in particular the people of Baja California Sur, as it directly impacts everybody's pockets, with or without vehicles, said Senator Carlos Mendoza Davis.

The Senator announced that in the Income Tax Law of 2015, which was debated recently in the Senate, the PAN party parliamentary group proposed a modification which would have opposed the new increase in the price of gasoline in 2015. Unfortunately, the PRI party senators and part of the PRD party opposed  the amendment and approved the 3% increase, to be effective January 1, 2015.

[Fulano's comment: Based upon the current price of regular gasoline in Mexico, the 3% increase would increase the price per gallon to $3.97 per gallon. The actual price will be more than that as there is still another scheduled gasoline price which will go into effect on December 1, 2014.]

See the original at The Fulano Forum

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