What are the prices of gasoline in Mexico this August 16

One of the main promises Andres Manuel Lopez Obrador made when assuming as President of Mexico was not to go up fuel priceswhich is why gasoline and diesel have become one of the main topics of conversation among Mexicans.

There have been several occasions on which the president has called on the dealers so that they help maintain a balance between prices and comply with the commitment not to make increases that have a considerable impact on the pockets of citizens.

However, factors such as international oil costs, the dollar exchange rate, taxes, the profit margin of gas station brands, logistics costs and even geographic location they mean that the price of fuels cannot remain unchanged.

That is why it is important to be updated, government agencies such as the Energy Regulatory Commission (CRE) and the Federal Consumer Protection Agency (Profeco) They constantly publish the updated prices of gasoline throughout the Mexican territory.

Don’t know what the price of fuel is in Mexico? Here we tell you how the average liter of gasoline and diesel is at the national level this August 16. Remember that the cost of fuel varies daily so it is important that you stay updated on its value.

regular gasoline is on average 21,896 pesos per liter.

While, premium gasoline sells for an average of 24,007 pesos per liter.

Finally the diesel sells for an average of 23.57 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.

(EFE/Mario Guzman)
(EFE/Mario Guzman)

Being regulated by the market, the price of fuel not only varies by entity and municipality, it even varies by season.

To know the cheaper value of gasoline per gas station every day, there is the following official link 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 entity and the city where you want to fill the tank.

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 all of Mexico.

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 gas stations that they sell full liters of gasoline, as well as compare prices, file complaints and reports.

(REUTERS/Jose Luis Gonzalez/File)
(REUTERS/Jose Luis Gonzalez/File)

The price of gasoline 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 globally in dollars, therefore, the average value of fuels 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 fuel when the hydrocarbon decreased to reach historical figureswhich caused fuel costs will be very lowuntil 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 fuel prices relatively stable.

This subsidy is an incentive to Special Tax on Production and Services (IEPS) Federal, which directly influences the price of gasoline 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 gasoline prices are due to geographic location.


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