January 9, 2017, 7am PST
Reaction to the 20 percent hike in fuel prices on New Year's Day has been swift, causing riots and looting resulting in four deaths and arrests of over 700 people, but President Enrique Peña Nieto continues to justify the need to end fuel subsidies.
January 5, 2017, 12pm PST
Mexico began deregulation of gasoline prices to the dismay of motorists, as gas prices jumped about 20 percent on New Year's Day. People are so upset that pundits suggest the decision may imperil President Enrique Peña Nieto's re-election next year.
January 5, 2014, 9am PST
Mexico is poised to allow foreign investment in its state-owned oil company, Pemex, for the first time in 75 years. In Venezuela, home to the world's cheapest gasoline, prices are due to skyrocket if President Maduro ends subsidies as he's indicated.
August 20, 2013, 10am PDT
Mexico, the world's 9th largest oil producer and first to nationalize its oil production, has seen steep production declines as the state-owned oil company lacks capital resources and expertise. Constitutional reforms would entice private investment.
The New York Times - Global Business