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Mexico Renews Voluntary 24-Peso Cap on Regular Gasoline for Six Months

Officials credit Profeco oversight plus a national Pemex wholesale price with holding the average near 23.54 pesos per liter.

Overview

  • President Claudia Sheinbaum convened fuel retailers at Palacio Nacional to extend the price-stabilization pact for another six months.
  • About 98% of gas stations rejoined the voluntary agreement, while authorities acknowledged no legal mechanism exists to compel the remaining 2%.
  • Profeco will continue weekly compliance reports, real-time price transparency tools, and warning banners for outlets posting prices deemed unreasonable.
  • Pemex is maintaining a nationwide wholesale price at storage and distribution terminals to support adherence, with border zones treated as exceptions.
  • SENER says interagency working tables will remain permanent to refine the strategy, and extending a similar limit to diesel is under discussion without a decision.