The Ministry of Finance and Public Credit (SHCP) reported that it reduced by almost 8 percent the fiscal stimulus to premium gasoline; it will be 92.23 percent.

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It is the first drop in the last five months.

Meanwhile, for the regular gasoline and diesel support remains at 100 percent.

This measure will apply from tomorrow until August 12.

In the conference morningPresident Andres Manuel Lopez Obrador (AMLO), explained that, if the fiscal stimulus at gasoline, inflation would be greater and would affect the citizens’ pockets.

“If we were not granting this subsidy to gasoline and diesel, we would have an inflation of 11% and that greatly affects everyone’s economy, because we would have to continue increasing interest rates”, he referred.

He said that with inflation there is a risk of a consumption crisis.

“Those who have a mortgage would have to pay more interest, it increases the famine, you can buy less, there is a risk of a consumer crisis because inflation greatly affects everyone and fundamentally the poor”, he declared.

With N+ information.



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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.

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