Through an Emergency Guideline published July 28, 2021, in the Official Gazette of the Federation (the “Guideline”), the Ministry of Energy urged the Energy Regulatory Commission (“CRE”) to issue, within a term of no more than 3 days, the emergency regulation to guarantee that Mexican families can acquire liquefied petroleum gas (“LP Gas”) affordably.
In compliance with the Directive, on July 29, 2021, the CRE published in the Official Gazette of the Federation the “AGREEMENT No. A/024/2021 of the Energy Regulatory Commission that establishes the regulation of maximum prices of liquefied gas sold to the final user, in compliance with the Emergency Directive for the welfare of the consumer of liquefied petroleum gas, issued by the Ministry of Energy, in order to protect the interests of final users“,(“Maximum Price of LP Gas Regulation”). It came into force on July 29, 2021.
