Mexico.- The price of liquefied petroleum gas (LP) will increase in the Mexican Republic as of this Sunday, the increase will be around 6.4% nationallythis compared to the cost of last week.
The increase in LP gas that is expected for the following week represents the highest increase in the price of this resource since the federal government decreed the cost cap for said hydrocarbon.
Since August 2021, the government of President Andrés Manuel López Obrador established a federal agreement through which the Energy Regulatory Commission (CRE) set maximum costs to the public for liquefied petroleum gas in his two presentations.
Read more: Federal Government presumes that Mexico has one of the cheapest gasoline in Latin America
For the third consecutive week, since the last week of last February, the price of LP will become more expensive, as a result of the rise in international oil prices, which in turn is a consequence of the conflict between Russia and Ukraine.
The national average price of LP gas sold per kilogram was located at 25.85 pesos, while the one that is offered per liter at 13.96 pesos.
It is worth mentioning that San Quintín and Mulegé, in the state of Lower Californiaare the towns with the highest price in the entire national territory, whose inhabitants will have to pay 30.22 pesos per kilo and 16.32 pesos per liter of liquefied petroleum gas.
In contrast, Matamoros, Reynosa, Río Bravo and Valle Hermoso in Tamaulipaswill continue to maintain the distinction of offering domestic hydrocarbons at the lowest cost, although energy prices will increase by 6% compared to last week.
Since the invasion of Ukraine by the Russian government began, several economic experts have predicted that fuel prices would increase exponentially. Only this week, the prices of a barrel of crude oil reached above 123 dollars a barrel.
Read more: Regularization of chocolate cars in Mexico, area of opportunity for insurers: Amasfac
The alert for this situation has become more acute after the president of the United States, Joe Bidenmade the decision to stop importing oil from Russian territory, as a sanction for the war that Vladimir Putin It started in the Ukraine.