Politics

Mexico suspends gasoline subsidy as U.S. drivers cross border for deals causing fuel shortages in border cities

[ad_1]

Mexico, which has been subsidizing gasoline to soften price spikes, said on Saturday the policy would not apply in the U.S. border region this week, citing shortages as more Americans drive south to fill their tanks.

The suspension of the subsidy from April 2-8 covers cities in the border states of Tamaulipas, Nuevo Leon, Coahuila, Chihuahua, Sonora and Baja California, including Tijuana, one of the world’s busiest border crossings.

Mexico’s finance ministry said in a statement there was a gasoline shortage in the area “from an imbalance between supply and demand.”

“In the United States, gasoline prices are higher than in Mexico, and citizens of that country cross the border to stock up,” the finance ministry said.


We don’t charge a fee for our content because news and information should never be a privilege reserved for those with certain economic benefits, but we do accept PVDN community sponsors for those who want to support local media and keep news and information free to everyone. Learn how you can become a community sponsor here.


As fuel prices have spiked after Russia invaded Ukraine, more people living in the United States are driving across the border into Mexico in search of lower gas prices.

Mexico’s subsidy has been championed by the government of President Andres Manuel Lopez Obrador, who has long promised to insulate consumers from sharp price hikes at the pump.

In an interview with Reuters on Friday, Deputy Finance Minister Gabriel Yorio said Mexico planned to use the extra revenue from higher oil prices to subsidize domestic gasoline and diesel prices.

  • Search for remains of missing Canadian in Puerto Vallarta is underway Through a statement, the authorities reported that they are looking for the remains of Malcolm Madsen, the Canadian who disappeared in 2018 after going to a bar in Puerto Vallarta, Jalisco, with his girlfriend Marcela A. With the support of trained dogs, the State Prosecutor’s Office together with federal authorities initiated the investigation from five…
  • Male found hanging in Puerto Vallarta’s Romantic Zone The male body was found in a taco stand located between Olas Altas and Francisca Rodríguez streets. Early this Thursday, March 31, a male was found dead with a cable around his neck in the popular Romantic Zone of Puerto Vallarta. The events took place in an area popular for its many restaurants in the…
  • Two Nayarit beaches remain closed after 165 beachgoers were attacked by Moray eels Since March 24, the General Directorate of Citizen Protection and Firefighters of Nayarit closed access to the beaches of Guayabitos and Los Ayala, in the municipality of Comostela, due to the presence of Morena fish that have so far bitten 165 bathers. Moray eel bite is usually painful and can cause the victim secondary infection…
  • Red tide in Puerto Vallarta still lingering in the Bay of Banderas The harmful algal bloom known as red tide has afflicted Puerto Vallarta and Banderas Bay since the end of February, causing the death of fish and representing a risk to public health. Their presence has been monitored by the members of the Department of Biological Sciences of the University Center of the Coast of the…
  • Puerto Vallarta prepares to keep tourists safe this Easter holiday With the commitment to reinforce and coordinate the preventive and operational actions necessary to guarantee the integrity of citizens and visitors during the next vacation period, the 2022 Holy Week Operational Plan for the municipalities of Puerto Vallarta and Cabo Corrientes, by the Regional Base of the State Civil Protection and Fire Department of Jalisco…


[ad_2]

Source link

Leave a Reply

Your email address will not be published.