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Title: Absorbing devaluation: Pemex penalized

Abstract

Shock from Mexico`s international finance debacle has created a ripple across the global pond, affecting trading markets from Buenos Aires to Hong Kong. Mexican consumers must cope with a currency that can purchase 40% fewer imported goods than it could seven weeks ago. The Mexican government has taken austerity measures controlling prices on staple consumer items designed to prevent rampant inflation. State oil company Petroleos Mexicanos is left exposed to some of the costs of the peso devaluation to supply Mexican gasoline markets with imported supply. However, Mexico`s flexible tax structure allows Pemex to divert the cost throughout its operations.

Publication Date:
OSTI Identifier:
86458
Resource Type:
Journal Article
Resource Relation:
Journal Name: Energy Detente; Journal Volume: 16; Journal Issue: 1; Other Information: PBD: 30 Jan 1995
Country of Publication:
United States
Language:
English
Subject:
02 PETROLEUM; 29 ENERGY PLANNING AND POLICY; MEXICO; TRADE; FOREIGN EXCHANGE RATE; GASOLINE; PRICES; IMPORTS; INFLATION; ECONOMIC ANALYSIS

Citation Formats

NONE. Absorbing devaluation: Pemex penalized. United States: N. p., 1995. Web.
NONE. Absorbing devaluation: Pemex penalized. United States.
NONE. Mon . "Absorbing devaluation: Pemex penalized". United States.
@article{osti_86458,
title = {Absorbing devaluation: Pemex penalized},
author = {NONE},
abstractNote = {Shock from Mexico`s international finance debacle has created a ripple across the global pond, affecting trading markets from Buenos Aires to Hong Kong. Mexican consumers must cope with a currency that can purchase 40% fewer imported goods than it could seven weeks ago. The Mexican government has taken austerity measures controlling prices on staple consumer items designed to prevent rampant inflation. State oil company Petroleos Mexicanos is left exposed to some of the costs of the peso devaluation to supply Mexican gasoline markets with imported supply. However, Mexico`s flexible tax structure allows Pemex to divert the cost throughout its operations.},
doi = {},
journal = {Energy Detente},
number = 1,
volume = 16,
place = {United States},
year = {Mon Jan 30 00:00:00 EST 1995},
month = {Mon Jan 30 00:00:00 EST 1995}
}