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Mexico Renews Voluntary Pact to Keep Regular Gasoline at 24 Pesos for Six More Months

Officials cite a Pemex wholesale price mechanism with Profeco oversight as keeping the national average near 23.5 pesos.

Overview

  • President Claudia Sheinbaum confirmed the six‑month extension after a meeting with fuel retailers at Palacio Nacional, reporting 98% station participation.
  • The commitment remains voluntary, with roughly 2% of stations outside the pact and no legal mechanism to compel them to join.
  • Profeco monitors compliance with weekly reports, offers a real‑time price lookup for consumers, and has posted warning banners at stations with excessive prices in several states.
  • Pemex maintains a national wholesale price at storage and distribution terminals to support adherence, coordinated by SENER with agencies including ASEA, CNE and the federal digital agency.
  • Authorities say the scheme excludes border zones due to different costs and incentives, will undergo periodic evaluation, and currently holds the average Magna price near 23.54 pesos per liter.