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Price of LP gas continues to rise across country

Mexico City, Mexico — The price of energy used in seven out of every 10 homes in the country registered a rise of at least 2.3 percent over the past year, however, most regions experienced a higher increase.

The price of LP gas reported an average increase across the country of 2.3 percent at the start of the year at 18.86 pesos per kilogram as of January 2018, against 18.43 pesos reported in December 2017, according to the Energy Regulatory Commission (CRE).

However, increases of up to 5 percent have been reported in the price of fuel used in more than 70 percent of households in the country already this year.

According to the CRE, as of January 2017, the average increase in LP gas throughout the national territory was 2.3 percent, with a kilo of LP gas at a cost of 15.34 pesos in January of 2017.

A year ago, the price was liberalized throughout the country, registering an increase in over 30 percent in some states as was the case with Quintana Roo. In July of 2017, a kilo of gas sold for 17.43, however by December, that figure climbed to 20.65.

In December, a 20 kilo tank of gas cost 413.00 peso in Playa del Carmen, as opposed to 348.60 in July.

The CRE has explained that LP gas prices vary depending on access to storage and transport infrastructure, which is why in the cities on the Pacific coast they reported the largest increases during the past year.