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Mexicans plan protests over New Year fuel price hike

On January 1, 2017 the price of gasoline in Mexico will increase by 20.1% and for diesel by 16.5%, the Ministry of Finance has announcedMexicans are bracing to kickstart the New Year on a sour note, with protests planned against the government’s huge hike in gasoline prices. President Enrique Pena Nieto has promised that fuel prices will fall thanks to his landmark 2014 energy reform, which ended a seven-decade-old monopoly held by the state-run firm Pemex. The government plans to end subsidies and let the market dictate prices in March, but Mexicans will feel the pinch at the pump before they start falling.

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