Mexico’s President Andrés Manuel López Obrador announced a new package of 20 constitutional reforms on Monday evening.

They include plans to scrap autonomous regulators such as competition watchdog Comisión Federal de Competencia Económica (Cofece) and energy regulator Comisión Reguladora de Energía (CRE).

CRE oversees natural gas regulations and permitting. It also publishes the IPGN monthly natural gas price index, a compilation of post-transaction prices reported anonymously by shippers. Cofece officials have been critical of the president’s policies that they say hurt competition.

López Obrador in his announcement called the independent organizations a waste of public funds that only served “the oligarchy.” The funds would instead be diverted to public...