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Salty Dog

Gas Price Hike In Mexico Sparks Widespread Looting

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Published on Jan 7, 2017

MEXICO IN MELTDOWN - Mass Looting All Over Mexico After 20% Gasoline / Petrol Price Hike
 
Protests and looting fueled by anger over gasoline price hikes in Mexico have led to four deaths, the ransacking of at least 300 stores and the arrests of more than 700 people, officials said.
 
The country's business chambers said the combination of highway, port and terminal blockades and looting this week forced many stores and businesses to close and threatened supplies of basic goods and fuel. The scenes of mass lootings came as parents faced the last shopping day to get presents for their children before the Jan. 6 Epiphany or Three Kings Day holiday.Two people were found dead near looting in the port city of Veracruz. An official with the state prosecutor said late Thursday that the killers had not yet been identified. The official was not authorized to talk to the press and spoke on condition of anonymity.
 
Earlier, officials said a bystander was run over and killed by a driver fleeing police also in Veracruz, and a police officer was killed trying to stop robberies at a gas station in Mexico City.
 
Mexicans were enraged by the 20 percent fuel price hike announced over the weekend as part of a government deregulation of the energy sector.
 
While acknowledging the anger, President Enrique Pena Nieto said Thursday he would forge ahead anyway with the deregulated price scheme, which would do away with fuel subsidies and allow gasoline prices to be determined by prevailing international prices.
 
"I know that allowing gasoline to rise to its international price is a difficult change, but as president, my job is to precisely make difficult decisions now, in order to avoid worse consequences in the future," Pena Nieto said in a televised address. "Keeping gas prices artificially low would mean taking money away from the poorest Mexicans, and giving it to those who have the most."
 
Pena Nieto said the other big challenge for Mexico in 2017 was to "build a positive relationship with the new U.S. administration," something he said would be done with Mexico's "unbreakable dignity."
Mexico "Mexico City" Mexican 2017 "New Year" People Stores Walmart Shops Security Secure 2018 Looting Theft Guard Property Goods Shopping Poverty Economy collapse "petrol price" "gasoline Price" gasoline diesel caught cctv camera "phone camera" anger discount benefits jobs employment rise "south america" forex trading banking ATM survival "emergency supplies" "food storage" news trends media entertainment movie information homeless "elite nwo agenda" While looting calmed somewhat Thursday, protesters blocked highways at about two dozen places. For much of the week, protesters have blockaded gas stations and some people have broken into stores to carry off merchandise.
 
Police in Mexico's capital said they had arrested 76 people for looting about 29 stores. Twenty-three stores were sacked and 27 blockades put up in Mexico City, Mayor Miguel Angel Mancera said, days after the government raised gasoline costs by 14 to 20%, outraging Mexicans already battling rising inflation and a weak currency.
 
Mexican retailers’ association ANTAD urged federal and state authorities to intervene quickly, saying 79 stores had been sacked and 170 forcibly closed due to blockades.
 
Deputy interior Minister Rene Juarez said over 250 people had been arrested for vandalism and that federal authorities were working with security officials in Mexico City and the nearby states ofMexico and Hidalgo to address the unrest. State oil company Pemex said on Tuesday that blockades of fuel storage terminals by protesters had led to a “critical situation” in at least three Mexican states. Mexico City’s cyber-police force said it was investigating the false rumours and had identified over 1,500 accounts responsible for causing incendiary phrases like “ransack a Walmart” to trend on Twitter.

 

 

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Edited by Salty Dog

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Build that wall now damn it!!! Cali is already over run by these folks...

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Interesting times ahead when they start  getting their 2nd largest cash flow generators back.

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Why didn't we in the US think of that with our big gas increases a couple years ago

 

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Why didn't we in the US think of that with our big gas increases a couple years ago

 

Sent from my XT1635-01 using Tapatalk

 

The minimum wage this year was about 73 pesos, worth $4.20 when it was announced last December. Since then, Mexico's peso has declined from 17.35 for $1 to 20.56 for $1, as of Monday. That means the 80-peso minimum wage for 2017 is worth about $3.90.

 

The minimum wage is what $7.25 ?  when gas hits $$7.25hr we will probably be rioting in the streets as well 

Edited by KID

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Mexico in some respects is more corrupt then the Philippines. When fuel prices dropped in the US they never dropped in Mexico. There fuel prices were higher higher then the US. My brother does business in Mexico he calls everything in Mexico a cluster feck

Just wait Mexico you haven't seen anything yet less jobs and higher fuel prices a double wammi

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The cartels will eventually take over Mexico... it's been slowly happening for some time. The war of the cartels will be epic, and most places will be like downtown Aleppo.

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