Mexico Plunges into Fresh Crisis as Fury Swells over Gas Prices

Telesurtv ^ | 12-31-16 | unattributed

[dynachrome]

The government plans to end subsidies and let the market dictate prices in March, but the already-strained Mexican people will feel the pinch at the pump before they start falling.

The finance ministry announced Tuesday that the price of gasoline would increase by as much as 20.1 percent to 88 cents per liter on Jan. 1, while diesel would rise by 16.5 percent to 83 cents.

The price ceiling will be adjusted daily starting Feb. 18, before letting supply and demand determine them in March.

Around 100 protestors blocked a service station in the Pacific Coast resort of Acapulco on Friday, while on Saturday an assembly of popular organizations in Chihuahua state's capital pledged to block all commercial transportation from entering or exiting the city as a means toward paralyzing the economy and pressuring the federal government to reverse the hikes.

[dynachrome]

Taking away the doggiebowl of socialism. The gov't has price controlled for years.

[ronnie raygun]

Oh those silly dictators and thier silly socialist ideas

[bert]

meanwhile, a new gas station with 58 pumps in Nogales AZ can’t keep the underground tanks supplied as lines of Mexicans coming for the cheap gas keep the pumps running continuously.

[cloudmountain]

The government is PRI.
GoogleThe Institutional Revolutionary Party (Spanish: Partido Revolucionario Institucional, PRI) is a Mexican political party founded in 1929, that held power uninterruptedly in the country for 71 years from 1929 to 2000, first as the National Revolutionary Party, then as the Party of the Mexican Revolution.
The PRI Returns to Power in Mexico | The National Interest nationalinterest.org/commentary/the-pri-returns-power-mexico-7159
Jul 5, 2012 - Not only did Peña Nieto win the presidential race decisively—by nearly eight points over his nearest opponent, Andrés Manuel López Obrador ...

Nothing changes there since El Presidente is the biggest ladrón in the country.

[House Atreides]

Better for Mexico & the Mexicans to take such steps NOW rather than follow Venezuela into the abyss of despair.

[dynachrome]

True, but my guess is that the sheeple will riot for their socialism. They are too ignorant to see the end, just like in Venezuela.

[glaseatr]

They are too ignorant to see the end, just like in Venezuela.

Same could be said for a vast amount of people here in American too.

[SanchoP]

It’s time we invade Mexico and put an end to the circus. We already have a third of the population living here.

[dynachrome]

indeed.

[PGR88]

Mexico is still, after all, has a socialist government. They have for 100 years.

[Vaduz]

They have cars in Mexico I thought they are to poor to have anything it’s why they sneak into the USA.

[GOPJ]

Mexican elites are worse than our elites...

[zeugma]

There is nothing wrong with mexico that mass executions of the ruling class wouldn’t solve.