[1] He lectured on Monetary Theory at both ITAM and the National Autonomous University of Mexico (UNAM), and joined the Revolutionary Institutional Party (PRI) in 1952.
[4] Before joining the federal cabinet Petricioli served as undersecretary of Finance (1970–74), as deputy director of the Bank of Mexico (1975–1976), and as director-general of Nacional Financiera (1982–1986).
[1] As secretary of Finance, he co-authored the Pact for Stability and Economic Growth (in Spanish: Pacto para la estabilidad y el crecimiento económico), a national strategy to control the fiscal deficit and inflation in coordination with the private sector.
[4] Petricioli died of a heart attack on 9 October 1998 at Los Angeles Hospital, in Mexico City.
In his honor, a remembrance book, El complejo arte de vivir: homenaje a Gustavo Petricioli, was published by Editorial Porrúa and a statue was erected at ITAM; his alma mater.