Economy Politics Country 2026-04-07T05:57:18+00:00

Mexico's government introduces gasoline subsidies

The Mexican government is allocating about 5 billion pesos per week to control gasoline prices, which should be 33 pesos per liter, not 24, due to rising oil prices. The president called on gas station owners not to violate the voluntary price agreement.


Mexico's government introduces gasoline subsidies

The Mexican government applies a stimulus of approximately 9 pesos per liter to keep the consumer price of gasoline around 24 pesos. In light of this support, the president called on gas station owners not to raise prices, recalling that a voluntary agreement was also reached with them to avoid increases: 'We cannot allow gas stations to go overboard,' she said. The president also warned that she asked the Federal Consumer Prosecutor's Office (Profeco) to, starting today, inspect all gas stations to prevent price hikes, as they are raising it in some places without reason. In the 2027 Pre-Criteria, delivered last week by the SHCP, it is estimated that the federal government's tax revenues will be 15.8 billion pesos less than expected, partly due to the fiscal impact of the IEPS stimulus applied to fuels. Crude oil prices maintain an upward trend, with an increase of over 60% since the start of the conflict in the Middle East, which has increased pressure on the energy market and forces the government to maintain these supports to contain the domestic price of gasoline. The government of Claudia Sheinbaum allocates about 5 billion pesos per week to contain gasoline prices through the IEPS stimulus, amid the international rise in crude. During her morning press conference this Monday, Sheinbaum explained that with the current crude price —above 100 dollars per barrel— gasoline should be located around 33 pesos per liter.

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