Profeco will carry out an operation to showcase gas stations that give high prices

“Starting next week, not only are we going to be putting stickers in the press conferences at the gas stations that go over the top with their prices, but we are also going to physically hang some banners to point out those gas stations that ‘blow their mind’.” “barda’ with what they earn for each liter of gasoline,” said Iván Escalante, head of Profeco, at the morning conference on Friday.

The banner that will be placed at gas stations will have an “X” and the legend Don’t charge here, they break the bank with the prices.

“The price of gasoline – which we will continue to see in the “Who’s Who in Prices” on Mondays – should be between 23 and 24 pesos, it is a reasonable margin for the profits of gas stations, including the IEPS ( Special Tax on Production and Services) and everything that has to do with taxes; We will be on that margin. But there are gas stations that are selling it at 28 pesos, the magna, we are talking about the magna gasoline, or they are selling it at 29, 26, which is no longer justifiable,” said President Claudia Sheinbaum from the National Palace.

Profeco plays with fire

Regarding the operation at the gas stations, José Mario de la Garza, president of the civil association Justice and Equality, wrote in but rather it attacks free competition and market neutrality.”

“In a country where the price of fuel is dictated by the free market, this action is a clear attempt to manipulate public perception and discredit private companies,” he said.

Profeco is playing with fire. Placing banners that point to gas stations for “high prices” not only exceeds their powers, but also threatens free competition and market neutrality. In a country where the price of fuel is dictated by the free market, this… pic.twitter.com/GEKXO38emy

— José Mario (@JoseMarioMX) January 4, 2025