Gasoline price hike will boost inflation levels again

by times news cr

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During the first seven months of the year the Gasoline In Mexico, the price of petroleum increased by 7.55%, going from 21.59 pesos per liter to 24.29 pesos in July, which will contribute to an inflationary rebound, he warned. Ramses Bad Luckanalyst of the energy sector.

He commented that while in January the monthly accumulation was close to 4,442 million liters, this generated sales of 98 billion pesos while the liter was only located at 21.59 on average.

But at the end of July, he added, the cost of liter of gasoline It ranged at 24.29 pesos per liter for consumers at service stations, an increase of 7.55%.

“However, consumption decreased by 0.11%, but the total sales balance was 106 billion pesos, an accumulated 4 thousand 418 million liters”.

The analyst on issues oil tankers, He stated that the consumer has had to face an additional cost of 6.8 billion pesos, “this is already causing inflationary pressure, since the consumer does not stop spending to be able to fill his gasoline tank, since it is a consumable item. diary for all people’s activitiesshops and industry”.

Pech, an analyst at the firm Caraiva y Associates, He explained that at this moment part of the inflationary problem throughout the world is the price of energy, as well as the cost of electricity generation and fuels for transport, which have a direct influence on the index of consumer prices.

It is common to hear from economists that if gasoline goes up, everything goes up, mainly due to the logistical transport of goods y products.

The specialist added that in Mexico, on average, between 850 and 870 thousand barrels of gasoline are sold daily, according to reports made of the sum in all existing service stations in the country, and according to official data from regulatory bodies, and the Ministry of Energy. To a demand that oscillates between 800 and 820 thousand barrels daily.

“This volume of sales reported at service stations indicates that there is a sale of between 128 and 130 million liters of gasoline daily at service stations, and this volume directly affects Any variation in the price of this fuel”.

He indicated that these figures are confirmed by the Inegi reports and the latest data provided by INEGI, where in the non-core inflation data, we can see a percentage variation of 7.31% with respect to energy and rates authorized by the government, through the regulatory bodies and SHCP.

“Given that there is an open and regulated transport fuel market, SHCP, “through consumer incentives published in the official journal every Friday. The weekly decisions of the Secretariat influence the final price for consumers, which leads to the Mexican market lacking a direct correlation between inflation and consumer prices,” he said.

“Because in previous months prices were increasing, and inflation was decreasing. Since March, this dissonance has been broken.and we see that inflation has increased almost in parallel with the increase in fuel prices.”

2024-08-16 01:57:16

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