Overview
- Profeco reports a national average of 23.57 pesos per liter for regular gasoline, with recent readings showing Pemex as low as 23.14 in Boca del Río and Oxxo Gas at 24.99 in Morelia.
- Banamex finds Magna cheaper in real terms than in 2018, averaging 16.7 pesos per liter in 2025 versus 17.2 in 2018, as the government restored most IEPS collection.
- A voluntary government–private pact keeps regular gasoline under 24 pesos per liter, while premium is not capped and could rise in 2026.
- IEPS rates in effect from January 1 are 6.7001 pesos for Magna, 5.6579 for premium, and 7.3634 for diesel per liter, and Hacienda maintains the adjustment will not raise retail prices.
- Banamex estimates Mexico’s gasoline prices were about 35% higher than in the United States in 2025, and Profeco says basic-basket costs and remittance rankings remain stable.