[REVISION HISTORY]
Mexico fuel import costs and refining efforts
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2026-10-05 17:14 UTC → 2026-10-20 00:03 UTC ·
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Mexico continues to manage significant financial pressures from fuel imports and domestic price stabilization efforts. While Between March and August 2026, an analysis by the Centre for Research on Energy and Clean Air (CREA) identified Mexico as the second country previously faced globally to suffer the highest financial losses due to rising imported gasoline prices, facing a net additional cost of $2.5 billion. While total additional expenditures for various fuels reached $4.705 billion, the net negative balance of was mitigated to $1.804 billion due to rising import costs, by $2.9 billion in energy export revenues. To address fuel dependency, the administration has focused on prioritized expanding domestic refining capacity, with capacity. President Claudia Sheinbaum reported that the National Refining System processing processes over 1.5 million barrels per day. day, with the Olmeca refinery in Dos Bocas reaching a peak production of 252,000 barrels per day in July. As of early October mid-October 2026, fuel prices remain relatively stable. the government continues to use fiscal stimuli to stabilize consumer costs. For the week of October 3 to October 9, the Ministry of Finance implemented weekly tax incentives on the Special Tax on Production and Services (IEPS). The (IEPS), providing a 63.34 percent stimulus for Magna gasoline (less than 91 octane) was set at 63.34 percent, resulting in an IEPS rate of 2.4563 pesos per liter. For Premium gasoline and non-fossil fuels, the stimulus was 63.19 percent, with an applicable rate of 2.0828 percent for Premium gasoline. Despite these measures, the Federal Consumer Protection Agency (Profeco) recently detected service stations selling Premium gasoline for 30 pesos or more per liter. National average prices for liter, a price officials deemed unjustified given the week existing fiscal stimuli. President Sheinbaum defended the use of October 5 show Magna tax reductions, stating that without such supports, regular gasoline at 23.702 would exceed 30 pesos per liter and Premium gasoline at 28.592 pesos per liter. Diesel prices saw a marginal increase, moving from 27.004 to 27.013 diesel would surpass 35 pesos per liter. Localized variations persist, such as in Hermosillo, Sonora, where Magna prices ranged from 22.89 due to 24.99 pesos per liter. international market fluctuations.
Versions
- 2026-10-20 00:03 UTC Mexico fuel import costs and refining efforts
- 2026-10-05 17:14 UTC Mexico fuel import costs and refining efforts
- 2026-09-24 13:26 UTC Mexico fuel import costs and refining efforts
- 2026-09-12 02:31 UTC Mexico fuel import costs and refining efforts
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