What are the prices of gasoline in Mexico this August 17



One of the main concerns of Mexicans is The price of fueldue to the impact its value has on your pocket.

This concern is even greater when the value of gasoline and diesel It depends on many factors and varies daily.

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 updated fuel prices throughout the Mexican territory.

Before filling the tank of your car, check what the fuel prices are in Mexico this August 17. Remember that the cost of gasoline varies daily so it is important that you know its value.

The great gasoline sells for an average of 21,898 pesos per liter.

For its part, premium gasoline is on average 24,011 pesos per liter.

Finally the diesel is on average 23,575 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.

CRE and Profeco constantly report on fuel prices.  (File, Archive)
CRE and Profeco constantly report on fuel prices. (File, Archive)

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

To know the best fuel price per 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 live.

The prophet It also has a web page 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 gas stations that they sell full liters of fuel, as well as compare prices, file complaints and reports.

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

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 international oil prices in fuels when the hydrocarbon fell to touch 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 State 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 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 geographical location.

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