Mexico has been forced to cancel gasoline subsidies in regions bordering the US as American drivers flock to the area to stock up on cheaper fuel.
“In the United States, gasoline prices are higher than in Mexico, and citizens of that country cross the border to stock up,” Mexico’s Finance Ministry said in a statement on Saturday, adding that the border regions are now suffering a gasoline shortage “from an imbalance between supply and demand.”
The ministry went on to announce that the country’s subsidy policy, recently introduced to battle rising fuel prices, would not apply in the US border regions from April 2 to April 8.
The suspension applies to cities in the states of Tamaulipas, Nuevo Leon, Coahuila, Chihuahua, Sonora and Baja California, including Tijuana, considered one of the globe’s busiest border crossings.
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