How are gasoline prices in Mexico this August 10



One of the main concerns for Mexicans is the price of gasoline and dieseldue to the impact its value has on your pocket.

This concern is even greater when the price of gasoline depends on various factors and constantly varies.

That is why it is important to be informed, government agencies such as the Energy Regulatory Commission (CRE) and the Federal Consumer Protection Agency (Profeco) They constantly publish up-to-date gasoline prices throughout the country.

The price of gasoline per liter today in Mexico

These are the average fuel prices at gas stations in Mexico for this August 10. Remember that the cost of fuel varies daily so it is important that you know its value.

regular gasoline is on average 21,898 pesos per liter.

For its part, great gasoline stands at an average of 23,998 pesos per liter.

Finally the diesel is on average 23,556 pesos per liter.

Prices reported by permit holders online in accordance with the obligation established in Agreement No. A/041/2018 of the Energy Regulatory Commission.

gasoline price
Magna, premium and diesel, what is the price of gasoline. (File, Archive)

Which gas station is cheaper?

Being regulated by the market, the price of gasoline not only varies by entity and municipality, it even varies by gas station.

To consult the cheapest price of gasoline and diesel per station in real time, there is the following official website of the CRE -the highest regulatory body in energy matters in Mexico-, where you can access this and more information about it, entering only the state and the municipality where you live.

The prophet It also has a website in order to provide updated information about the service stations that sell gasoline and diesel with the highest and lowest prices in the entire country.

The page of the Profeco is called “Who’s who in the gasoline“, which is built from the reports of the same CRE on the sale to the public of gasoline and diesel. To access, click on the following link.

Other services of Profeco is the app Liter X Literavailable on iOS and Android, where users will be able to identify the fuel stations that they sell full liters of fuel, as well as compare prices, file complaints and reports.

gasoline price
Several factors alter the price of fuels. (File, Archive)

This is how the price of gasoline is determined

The cost of fuel can vary in Mexico due to a variety of factors such as reference costs, taxes and logistics.

The benchmark cost is based on international oil pricessince this is quoted in dollars globally, therefore, the average value of gasoline is modified with respect to the exchange rate between the dollar and the peso.

During the first months of the covid-19 pandemic, the influence of the international prices of oil in fuels when the hydrocarbon decreased to reach historical figureswhich triggered gasoline will register very low costsuntil the “black gold” stabilized and with it the value of its derivatives.

The same thing happened, but in the opposite case, during the first half of 2022, when international oil prices skyrocketed and with it the cost of gasoline worldwide.

However, there were countries that were less affected due to different measures, such as Mexico, where a subsidy applied by the Federal Government kept gasoline prices relatively stable.

This subsidy is an incentive to Special Tax on Production and Services (IEPS) Federal, which directly influences the price of fuel and which is determined by the Ministry of Finance and Public Credit (SHCP).

The Costs can also be modified for logistics reasons, that is, transport and storage, if fuel prices rise when transporting refined oil and gasoline by tanker or by ship, costs will increase.

Other factors that influence fuel costs are due to geographic location.

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