Activity
Mexico Implements Mandatory 28 Pesos per Liter Diesel Price Cap
Mexico has set a maximum diesel price of 28 pesos per liter, with authorities actively enforcing the limit. Industry compliance follows recent government discussions to control fuel prices and address market challenges.
Sheinbaum Threatens Tax Reviews Over Diesel Price Violations in Mexico
Claudia Sheinbaum announced that Mexico's tax authority may review gas stations that sell diesel above the 28.30 pesos limit, following findings of widespread non-compliance. She plans to meet station owners soon to discuss measures, as the government seeks to curb rising fuel prices to control inflation.
Magnicharters Owners Flee as Airline Declares Bankruptcy, Owes 150M Pesos
Mexican authorities have declared Magnicharters bankrupt after its owners became fugitives owing over 150 million pesos. This marks a dramatic escalation in the airline's financial and legal crisis, with implications for regulatory oversight and passenger rights.