Overview
- The government published in the Diario Oficial that for the week of July 18–24 it reinstated a Premium gasoline stimulus of 0.47 pesos per liter and increased support to 1.49 pesos per liter for Magna and 3.73 pesos per liter for diesel.
- Those measures cut the IEPS consumer quotas to 5.21 pesos/liter for Magna, 5.19 pesos/liter for Premium, and 3.63 pesos/liter for diesel, lowering the tax portion shown on pumps.
- Renewed clashes between the United States and Iran and related attacks on energy infrastructure pushed Brent and WTI higher and helped lift U.S. average gasoline back to about $4 per gallon, according to AAA and market data.
- The Premium price in Mexico rose above diesel because it received little support during most of the recent conflict, while voluntary price caps for Magna (24 MXN/l) and diesel (27 MXN/l) and Profeco spot checks continue to shape what consumers actually pay.
- Analysts warn that refinery attacks, tighter refined-product supply and peak summer demand could keep pump prices elevated, a dynamic that carries near-term political and household budget pressures in both Mexico and the United States.