Monday, 2 January 2017

Drug Cartels Get Involved As Mexicans Rage, Protest Surging Gas Prices

Zero Hedge



Even as Mexico has reasons to be concerned about the upcoming presidential inauguration of Donald Trump, who has vowed to make life, and especially trade relations, for Mexicans far more "complicated" under his administration, the population of Mexico has far more pressing problems at this moment, because just days after the finance ministry announced on December 27 that it would raise the price of gasoline by as much as 20.1% to 88 cents per liter while hiking diesel prices by 16.5% to 83 cents, the hikes went into effect on January 1, welcoming in the new year with a surge in the price of one of Mexico's most important staples and leading to widespread anger, protests and in some cases violence.



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