Tomorrow the price of gasoline in México will increase for the eleventh time this year. The Mexican Association of Entrepreneurs Gasolineros (Amegas) reported that beginning on Sunday the price of a liter of Magna will rise 9 centavos with Premium and diesel increasing 11 centavos per liter. With the new prices the cost of a liter of Magna stands at 13.22 pesos, Premium at 14.00 pesos, and diesel at 13.83 pesos.
Converting the price of gasoline in México to dollars per gallon, the price of Magna, Premium, and diesel will equal $3.85/gal., $4.08/gal., and $4.03/gal., respectively.
According to data provided by Amegas 55 percent of the fuel sold in México is Magna, 11 percent is Premium, and 34 percent is diesel.
So far this year the price of Magna has increased 9 percent, Premium has increased 10.3 percent and the price of diesel has risen by 10.7 percent.
According to the Federal Budget for 2014 the last automatic increase in the price of fuel will occur December 1. Beginning in 2015 the price of gasoline and diesel will increase only by the increase in inflation and then only once a year.
(from Milenio)
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