Tuesday, May 28, 2019

The NAFTA deadline is Sunday. What happens?

The NAFTA deadline is Sunday. What happens if there's no deal? Canada and the US are negotiating up to the deadline. ... The Trump administration's self-imposed deadline to bring Canada into a revised North American Free Trade Agreement is Sunday — and there's a chance negotiators will miss it.

The NAFTA deadline is Sunday. What happens?
The NAFTA deadline is Sunday. What happens?

Next Saturday, a new increase in the price of fuels will begin, between 3 and 4%, due to the impact of a tax and inflation.

As it transpired among the stationers, they are preparing for a remark whose floor will be 3% and that will be added to the 13% increase that fuels accumulate since the beginning of the year.Starting in June, the tax levied on carbon and liquid fuels will rise, which is included in the price of gasoline and adjusted for inflation.

According to the variation in retail prices, this tax will have an increase of 11.8%, which will have an impact of 1% on the amounts at the pumps.But in addition, there will be additional cost for inflation and the devaluation of the dollar against the peso, which will produce a rise of close to 3%, although depending on the application of the tax may reach 3.5% or almost 4%.

In the last revision of the fuel taxes, last March, the Energy Secretariat split the tax increase in two batches, one part in March and the other in April.In the interior of the country, readjustments tend to be greater due to the cost of logistics, which implies the supply of service stations.
 In the sector they estimate that the same thing can now happen, splitting the increase of the tax with one part in June and another in July.

According to sources of the oil companies, the price will increase from the next June first when the tax increase begins to govern.The companies estimate that the delay in the price of fuels goes from 6% to 20%, due to the impact of inflation and that the increase in the commercialization of fuels would place wax of 4% average.

It helps that the increase is not higher than the price of the dollar remained in the last month and the international price of crude oil did not change significantly.

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