This is what ‘the new normal’ looks like for Mexico’s retail sector.
The Secretary of Finance and Public Credit (SHCP) made a new decision on the fiscal stimulus to the Special Tax on Production and Services (IEPS).
President Andrés Manuel López Obrador (AMLO) continues to challenge experts’ recommendations and international regulations regarding fuel oil.
President Andres Manuel Lopez Obrador (AMLO) promised to avoid increasing gasoline prices, yet figures say otherwise.
Pemex sold 60% less gasoline during May 2020, the second month of the health emergency in Mexico. The development of these and more stories in our periodic Retail summary.
Mexico’s year-on-year inflation increased above Mexico’s Central Bank (Banxico) 3% target, as a result of higher gasoline prices.
Jesús Montoya, COO of Fullgas, spoke about the effects of the Covid-19 pandemic on Mexican retail Associations.
Experts spoke about the new policy announced by the Federal Economic Competition Commission (Cofece), regarding fuel storage inventory.
Pemex does not rule out entering the propane distribution market, under its own brand.
The national retail sector forecasted losses in what is left of 2020, calling it “the new normal”. The development of these and more stories in our periodic Retail summary.
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Last Business Day end-of-day prices