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Mexico Fuel Prices Hold Steady as 2026 IEPS Hike Takes Effect

Official monitoring indicates Pemex absorbed the higher IEPS at terminals to prevent a pump‑price increase.

Overview

  • Profeco reported a national average of 23.60 pesos per liter for regular gasoline in the first week of January.
  • The Finance Ministry granted no fiscal stimulus for gasoline or diesel from January 1–9, so stations are charging the full IEPS.
  • Per‑liter IEPS rates rose on January 1 to 6.70 pesos for Magna, 5.66 for Premium, and 7.36 for diesel.
  • PetroIntelligence showed an average regular price near 23.62 pesos per liter and flagged a low of 17.98 in Reynosa, with Premium at 25.79 and diesel at 26.44.
  • Profeco cited price dispersion, noting a Pemex station in Corregidora at 23.17 pesos per liter with a 1.99 margin and an Oxxo Gas in Monterrey at 24.99 with a 2.86 margin, while SHCP projects 473,279 million pesos in 2026 IEPS revenue.