What changed
2026-07-31 23:03 UTC → 2026-08-21 00:04 UTC ·
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Mexico fuel price caps hold, prices dip cap negotiations and compliance
By late July 2026 about 84 % of diesel stations (8,603) complied with Throughout mid-2026, the Mexican government utilized a voluntary cap agreement to stabilize fuel prices, setting caps of 27 MXN per litre (25.39 MXN in border zones). The government’s interactive map, launched 25 July, flagged roughly 1,538 non‑compliant stations, with hotspots such as Chihuahua (60 stations, 23 in Ciudad Juárez). The map, refreshed daily by the Secretaría de Energía for diesel and Pemex, also notes that 618 stations joined the agreement during 12‑17 July. The voluntary gasoline cap of 24 MXN per litre remains for regular gasoline. Compliance fluctuated between 77% in force through August to temper June and approximately 84% by late July. To maintain these levels against international oil price spikes during volatility, the vacation travel period. Treasury subsidies for the week of 25‑31 July covered 71.58 % implemented significant IEPS tax subsidies, covering 71.58% of diesel IEPS and 38.18 % 38.18% of gasoline IEPS, lowering the tax components to 2.09 MXN and 4.14 MXN per litre respectively. Additional measures include reduced electronic‑payment commissions, logistics taxes. Enforcement and security actions, monitoring included an interactive map from Pemex and a fiscal stimulus on the IEPS. Station operators Secretaría de Energía to flag non-compliant stations, with notable clusters in Tamaulipas reported tighter profit margins as they honor Chihuahua, Baja California, and Tamaulipas. In July, Pemex blacklisted 13 stations in Aguascalientes for refusing the diesel ceiling, underscoring cap. While the pressure on policy helped contain inflation and kept the basic consumer basket under 910 pesos, some retailers despite reported squeezed profit margins. As of August 2026, the subsidy cushion. On 31 July 2026 signing of a new six-month renewal of the voluntary pact has been postponed. While the government raised its contribution intends to finalize the IEPS after agreement by month-end, fuel distributors have requested shorter terms and a weekly rise in international oil prices. The national average price for Magna gasoline fell to 23.69 MXN per litre, Premium review of profit margins to 28.52 MXN, address rising operational costs and diesel inflation. The proposed renewal aims to 27.04 MXN. Regional averages showed Magna at 23.80 MXN in Mexico City, 23.97 MXN in Jalisco and 24.07 MXN in Nuevo León. In Hermosillo maintain the Comisión Reguladora de Energía reported Magna at 23.95 MXN, Premium at 29.09 27 MXN and diesel at 26.95 MXN per litre. The cheapest station, ROLIGAS, sold Magna for 21.99 MXN, highlighting a price spread of up to 2.90 MXN per litre between the lowest cap and highest pumps. existing reductions in electronic payment commissions.