Image credits: Gobierno de México
News Article

National Survey Favors AMLO / Gas Price on the Rise

By Paloma Duran | Fri, 07/02/2021 - 11:21

National survey favors AMLO. President Andrés Manuel López Obrador requested to make public and transparent the results of the survey that were presented yesterday during his conference for the third anniversary of his victory in the presidential elections. The survey was conducted by the Ministry of the Interior and according to the results, 72 percent of Mexicans agree that López Obrador should remain in power if a consultation is held to revoke his mandate. “I ask for transparency because I could not publicize a false survey. I am not that type of person who changes results."

Purchase of the Deer Park refinery is still in process. López Obrador said that the agreement for the purchase of the Deer Park refinery in Houston, Texas is still in process, despite the different positions that the authorities of both countries have had. “A proposal was made to Shell to sell us 50 percent of the shares so that PEMEX owns this refinery and the company agreed. An agreement has already been signed and the corresponding procedures are being carried out in the US. Now, we have to wait for the process to complete."

In May, PEMEX announced an agreement with Shell to buy the Deer Park refinery by acquiring 100 percent of the shares. Yesterday, the member of the US House of Representatives, Brian Babin, sent a letter to the Committee on Foreign Investment (CFIUS) to stop the purchase of the refinery, arguing that PEMEX has a "bad track record" with US firms.

Investigations for fuel theft and "moches." López Obrador announced that the allegations of fuel theft and "moches", charges for loading fuel that is distributed at gas stations, will be investigated. López Obrador explained that if it is true there will be no impunity with those responsible. "Nobody is above the law in PEMEX, not in the government, not the director, not any official, because for that they would have to be above the Minister of Finance and Public Credit and the Presidency, which is difficult."

Gas price on the rise. López Obrador announced that next Tuesday there will be a meeting to address the rise in the price of gas, which is the only fuel with an upward trend in cost. López Obrador explained that the high prices are due to the monopoly in the market. “We are going to review and address this increase, there are many ways to control it. In the case of gas, if necessary, we will establish a maximum price, which the technocrats will not like.”

Importation of corn could control the tortilla price. López Obrador said the government is considering importing corn to avoid the increase in the tortilla price, which could be affected by inflation. López Obrador explained that Mexico is self-sufficient in the production of white corn, but not in yellow corn and, therefore, the government has to address its price. “In the case of the tortilla, there are mechanisms to control the price. For example, opening up imports so that there is more competition and corn, because unfortunately we are not self-sufficient in corn production.”

 Click HERE for full transcript in Spanish

The data used in this article was sourced from:  
Gobierno de México, Milenio
Photo by:   Gobierno de México
Paloma Duran Paloma Duran Junior Journalist and Industry Analyst