Thursday, May 24th, 2018
Oil prices have shown volatility in recent weeks, forcing the Ministry of Finance and Public Credit (SHCP) to make a decision to avoid large variations in the gasoline sector. The SHCP made adjustments to the Special Tax on Production and Services (IEPS) of gasoline.
Pemex continues to have several problems in its refineries, without stabilizing production, increasing its dependence on imports mainly from the United States. The government has let this situation get worse and has offered little help to Pemex in this issue.
Companies like Petronas and Shell (LON: RDSB), both with operations in Mexico, spoke about the necessity to adapt their dynamics to the world’s environmental needs. The development of these and more stories in our periodic Eco summary.