Mexico



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Looting hits two states in Mexico amid price rise jitters


 

 

 

By Reuters

MEXICO CITY
Petroleumworld 01 08 2018

Mexican authorities and media reported looting of stores in the states of Mexico and Veracruz on Thursday following a flurry of social media posts about increases in the prices of gasoline and tortillas this year.

At least 70 people were arrested in the state of Mexico on Thursday after looting in two cities, a spokesman for state police said.

At least 800 police were deployed to deter looting at stores in the state, according to a Twitter post by state police.

In the state of Veracruz, two people were arrested for using social media to incite looting in a suburb of the port capital, media reported.

Mexico's government on Wednesday denounced forecast price rises by fuel retailers and tortilla makers, saying increases were unjustified as it sought to allay public concern about high inflation at the start of a presidential election year.

As inflation hovers near a 16-year high just below 7 percent, officials insisted the forecast price spikes, which have triggered social media outrage and threats of protests, are not warranted.

Early last year, Mexico saw violent protests and looting after the government cut subsidies to gasoline prices as it moved toward a free market from a state-controlled regime.

Mexican authorities have insisted that price increases in recent months have been modest, noting gasoline prices have only risen 1.3 percent compared to average prices at the end of November.



Reporting by Lizbeth Diaz and Noe Torres; Editing by Robert Birsel from Reuters.

reuters.com 01 05 2017

We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.