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The clumsiness with which the gasoline price liberalization process was carried out by the past government was such that it must be noted as one of the reasons for its electoral defeat.

It was not a minor matter to stop manipulating the prices of those fuels that were used for political-electoral purposes. Clearly the PRI populist governments were experts in handing out the fuel subsidy.

But not only them, the PAN members Vicente Fox and Felipe Calderón burned almost 7% of the Gross Domestic Product in gasoline subsidies. Because they knew of the ability to light up the meadow of the opponent in front of them and they preferred the easiest.

When the government of Enrique Peña Nieto dares to take that essential step of freeing up the gasoline market, so as not to continue wasting so much public money, it did very poorly.

Terrible communicators, distant from society, they had in front of them a destructive opposition, expert in propaganda, who wanted to put a match to society to ignite their cause. And of course gasoline and its prices are highly flammable.

The technical error of the past six-year term was allowing Congress to put a lock on the release of the price of gasoline in the 2016 Economic Package of only an increase of 3%, with the expectation of full release by 2017.

Bad luck was the condition of the world oil market. Gasoline produced in Texas, which is the most consumed in Mexico, increased its prices by more than 30% between the beginning of 2016 and the beginning of 2017.

Breakaway opposition groups promoted mobilizations that led to looting and social violence. If you look at the list of those who instigated these acts, you can see that today they all hold high public office.

The mishandling of the release of those prices and the treacherous use of the opposition had a high economic cost for the country. Starting with consumer confidence.

In those times, the labor market grew at full employment levels, the economy always had positive growth rates of over 2%, inflation was low, and consumption increased unchecked. But the opposition took it upon themselves to keep society angry and self-sabotaged in their economic well-being.

Today we are in the worst of all worlds, because not only did the treasury stop collecting more than 100,000 million pesos last year, due to tax incentives for gasoline, but prices are rising much more than inflation.

La Magna, for example, which in 2017 had a scandalous increase of 20%, up to 15.90 pesos per liter, now accumulates an increase of 17% compared to the start of 2021 and a price of 21.30 pesos per liter.

If today there are no looting and riots like the ones caused at the beginning of 2017, it is not because this administration has more expertise in energy finance, but because today the masters of propaganda rule and can handle these gasoline explosions very well.

In addition, opposite and fortunately, there is no opposition capable of leading a reaction of anger and violence in society.

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Enrique Campos Suarez

Televisa News Anchor

The great Depression

Bachelor of Communication Sciences from the National Autonomous University of Mexico, with a specialty in finance from the Autonomous Technological Institute of Mexico and a master’s degree in Journalism from the Anahuac University.

His professional career has been dedicated to different media. He is currently a columnist for the newspaper El Economista and news anchor on Televisa. He is the owner of the 2 pm news space on Foro TV.

He is a specialist in economic-financial issues with more than 25 years of experience as a commentator and host on radio and television. He has been part of companies such as Radio Programas de México, where he participated in VIP business radio. He was also part of the management and talent team of Radio Formula.

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