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Mexico President-Elect: Fuel Prices to Start Falling in 3 Years

Mexico's president-elect, leftist Andres Manuel Lopez Obrador, said on Monday that fuel prices would begin to come down in three years, once domestic fuel output starts to rise thanks to refinery improvements and a planned new refinery. Lopez Obrador, who won by a landslide in the July 1 election and takes office Dec. 1, said in a press conference after meeting with industry leaders that there would be no sharp rises in fuel prices during the first half of his six-year term, and that...

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