2022 Package against inflation & famine
In an effort to shield domestic consumers from the effect of the global energy crisis on energy and food prices, the Mexican government enacted a series of support measures in the framework of a Package against inflation and famine (PACIC), some of which are based on a voluntary agreement with the private sector.
Energy-related measures from the package encompass:
-diesel and gasoline price stabilisation, through tax reductions, in continuation of measures enacted from January 2022 and reinforced in March 2022;
-LPG and electricity rate stabilisation,
These measures were confirmed in the APECIC (Acuerdo de Apertura Contra la Inflación y la Carestía) Package which followed the PACIC package early October 2022.
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