The fuel prices increases are not a government’s decision

Mexican President Enrique Peña Nieto, said in a message to the nation that the fuel price increases are not a government decision. In fact, he recalled that Mexico depends for about 50% of its fuel needs from the importation and that in the last year the price of oil has increased by approximately 60% . For these reasons now fuels in Mexico are more expensive. Peña Nieto said that mantaining the price of fuel artificially low would be an enormous cost to the government coffers, that would paralize all the services that with difficulty the federal government is trying to expand for the citizens. Finally, the President has announced further cuts in public spending that will be given mainly by salaries cuts of higher levels state and federal employees.