They call it the gasolinazo, a neologism we could loosely translate as petro punch, the shock of high prices for gasoline just mandated in Mexico as the result of the partial privatization of Pemex, the national oil company.
Soaring prices at the pump have led to protests, riots, looting, violence, and death, exemplified in this raw footage from RT showing supermarket looting in Verz Cruz:
RAW: Mob loots supermarket in Veracruz as protests against fuel price hike erupt across Mexico
Looting erupted in Veracruz and in other major Mexican cities, Wednesday, amid nationwide protests over a 20 percent rise in fuel prices.
Locals could be seen dismantling walling at Chedraui supermarket in the east coast city, breaking into the building and removing produce. Marines arrived on scene in a bid to curb the ransacking of the site.
More from teleSUR English:
The wave of looting and blockades over a double-digit hike in gasoline prices in Mexico has left one police officer dead and at least 250 people arrested as protests continue across the country.
At least 23 stores were ransacked and 27 blockades put up Wednesday in Mexico City alone, officials said, while the retailers’ association Antad has urged authorities to intervene quickly, saying 79 stores had been looted and 170 forcibly closed due to blockades.
In a failed attempt to calm the widespread anger, President Enrique Peña Nieto told Mexicans Wednesday that he shared their pain over the fuel price hike that went into effect Sunday, but declared that the alternative would have been even greater costs and more suffering for the country.
Still, Peña Nieto has promised that fuel prices would eventually decrease due to his 2014 energy reform that ended nearly seven decades of sovereign control over energy resources by the state-run oil company Pemex, breaking up its monopoly.
Protesters argue that the government’s decision to raise fuel prices by up to 20 percent has no justification in an oil-rich country. However, the government insists that the move is in line with international prices and is not a result of the government’s neoliberal reforms.
Meanwhile, Pemex has denounced blockades on roads that give access to fuel storage terminals and has warned that if the situation continues, it could trigger a crisis of shortages and aggravate the problem.
Pemex also asked angry citizens to avoid any further violent actions, which have already damaged stations and harmed pipeline workers in recent days. Dozens of terminals across the country have decided to cease operations in fear of possible risks presented by the unfolding movement.