Latin American diesel prices fall as US‑Iran peace eases oil market

Fuel prices across Latin America are sliding after the United States and Iran signed a peace deal that eased tensions in the Middle East and pushed global oil prices down.

In Chile, diesel fell to almost 100 Chilean pesos per litre, prompting logistics firms such as Trailer Logistics to welcome lower operating costs while warning of long‑term vulnerability to external price swings. The country’s first high‑voltage electric truck corridor, opened by Enel, is highlighted as a step toward reducing diesel dependence.

Mexico’s Treasury cut fuel subsidies, reducing the IEPS levy on diesel from 39.10% to 20.89% and slashing the support to about 1.53 pesos per litre. Average diesel prices rose to roughly 26.97 pesos per litre, while regular gasoline averaged 22.38 pesos.

Honduras’ petroleum distributors announced modest cuts, expecting diesel to drop about 5 lempiras and gasoline about 4 lempiras per litre, though officials said the decline will be gradual because international market factors move more slowly than previous price spikes.

In the Dominican Republic, citizens took to the streets demanding the government lower fuel prices after the oil price plunge and a dollar rate under 60 pesos, citing recent arbitrary gasoline price hikes that had been frozen for three months.

Together, these developments show how a single diplomatic breakthrough is translating into cheaper fuel for transport, industry and consumers throughout the region.