The Treasury and Public Finance Secretariat (SHCP) announced its decision to postpone the date for fuel price increases for one week in order to give to allow a window of time to raise subsidies on gasoline and diesel prices.
Precios máximos de gasolinas y diésel vigentes del 4 al 17 de febrero no tendrán cambios respecto a los de enero https://t.co/BhVgTrTvJl pic.twitter.com/rQOK7QN4GG
— SHCP México (@SHCP_mx) February 3, 2017
According to data published in the Official Gazette, subsidies increased 0.55 pesos ($0.02) for Magna (low-octane), 0.10 for Premium (high-octane) and 0.45 for diesel. This decision was made in response to the high volatility international markets currently experience due to economic uncertainties such as currency exchange rates.