In the last days of the President’s Government Andrés Manuel López Obrador Evaluations of his administration are flowing and one of the most recurring topics is related to the price of gasoline. Here is a count.
At the beginning of his administration, López Obrador made 100 commitments and on the 28th he said: “Not to increase the price of gasoline beyond inflation,” a promise that has been fulfilled..
However, Little by little, the liter of regular gasoline rose from 19.41 to 24.05 pesos from December 2018 to last month, 4.64 pesos more since the administration that is about to end began..
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To fill a 40-liter tank with regular fuel you have to spend 962 pesos, an increase of 186 pesos during the six-year term.according to the national average prices maintained by the Energy Regulatory Commission (CRE).
This increase allowed the government of President López Obrador to collect a large part of the Special Tax on Production and Services (IEPS)without forgiving almost anything to motorists and transporters, which generated greater inflation, analysts say.
The tax applied to gasoline and diesel left revenues of 1.2 billion pesos from December 2018 to July of this yearan amount that almost doubles the 0.7 billion obtained in the similar period of the government of former President Enrique Peña Nieto, and contrasts with the negative balance of 0.6 billion in the mandate of Felipe Calderón Hinojosa, according to information from the Ministry of Finance.
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However, gasoline did not become equally expensive throughout the country, because there were states where the adjustment was almost six pesos throughout the so-called Fourth Transformation, while in others the increase was below four pesos..
States with the most and least increases in gasoline prices
Apparently, the tourism boom was accompanied by a greater demand for fuelsince Quintana Roo and Baja California Sur witnessed an increase of 5.86 pesos in the price of regular gasoline, the highest in the entire country.
Considered the jewel of Mexican tourism, Quintana Roo, the entity governed by Morenista Mara Lezama Espinosa, reported an increase from 19.45 to 25.31 pesos, while Baja California Sur, run by also Morenista Víctor Manuel Castro, registered an increase from 19.63 to 25.49 weights.
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At the far end, where regular gasoline became less expensive, Chihuahua and Baja California appearwith increases of 3.86 and 3.92 pesos, respectively, according to CRE records.
The director of PetroIntelligence, Alejandro Montufar, explained that Prices respond to taxes, international quotes, exchange rate, logistics, sales margin, quality adjustment, security costs and market competition..
The Treasury adjusts the IEPS weekly to keep the price stable so that, when international prices rise, it applies a subsidy to contain the impact on gasoline, but when they fall, it reduces the support and the savings are not fully reflected as in other countries. Montufar commented in an interview with this newspaper.
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For Caraiva y Asociados, a consultancy in the energy sector, the element that most influences the rise in gasoline has to do with logistics, understood as the transportation between the distance from the place of production and the point of sale.
In the last six-year term, logistics determined 13% of the public price, but now that a liter is sold for around 25 pesos it has a share of up to 42%.because most of the fuels brought from the United States arrive by truck or rail, since the pipeline networks and storage have not been expanded.
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OA