Mex­ico gaso­line prices to rise by up to 20%

China Daily (Hong Kong) - - BUSINESS -

Mex­ico will raise gaso­line prices by as much as 20 per­cent in Jan­uary, stok­ing in­fla­tion that’s al­ready run­ning at the fastest pace in al­most two years. A month af­ter the in­crease is im­ple­mented, prices will start to ad­just on a daily ba­sis as the govern­ment loosens its con­trol of the gaso­line mar­ket, the Fi­nance Min­istry said in an emailed state­ment on Tues­day. Jan­uary’s in­crease in un­leaded gas will be the big­gest since Novem­ber 1998.

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