The Mexican Institute of Public Accountants (IMCP) warned that the price of gasoline, as proposed by President Claudia Sheinbaum, will unleash a “perfect storm” that can reach public finances.
“A gap combined with an increase in prices is the recipe for the perfect storm,” said Rolando Silva Briceño, vice president of the Fiscal Commission of the agency.
“If I have to run the price of gasoline and consequently I have to stop receiving the tax and absorb it (together with the fiscal deficit) and the inactivity of the refineries is something adverse,” he said.
“The cap in gasoline is combined with an increase in fuel price (by pressures in the oil market) would increase the fiscal deficit,” he said.
LEE: Entrepreneurs ask for dialogue with the Treasury against Gasolin prices
The top at the price of gasoline is a signal and warning of tranquility and certainty that “I am not acquiring it more expensive or cheaper,” he said.
Sheinbaum reported that the agreement with gas stations is already very advanced so that the price does not rise 24 pesos per liter.
In 2024, the price of Magna gasoline increased 8.54 percent or 1.89 pesos, according to the Energy Regulatory Commission. As of December 20, the average national price was 23.99 pesos per liter.
Silva Briceño said there is a “gigantic” investment in refineries
Read: Better a voluntary agreement than Price Control: Gasoline Bumper Commerce Sector
“If these refineries (from Pemex) will be possible to generate fuel and we could avoid the importation of gasoline, as an inflationary spiral and the cost of things in the country will be dissipated,” he said. That would give a window of very important opportunity to collect a greater IEPS. ”
The last movements of international oil prices have not generated an increase in fuel costs, he said.
“We are beginning to migrate to clean energy, consequently, seeing the prominence of fossil fuels that are used in Mexico,” he added.
Do you like to inform yourself for Google News? Follow our showcase to have the best stories
