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Sheinbaum Extends Voluntary Gasoline Price Pact, Holding Magna to 24 Pesos for Six Months

Officials say 98% of stations signed on, with Pemex wholesale pricing and Profeco oversight supporting compliance.

Overview

  • Signed at Palacio Nacional, the renewal keeps the Strategy to Stabilize the Price of Gasoline in place for another six months under a voluntary scheme.
  • SENER reports more than 80 meetings with industry and says permanent working tables will continue to address regulatory and operational issues.
  • Sheinbaum noted there is currently no legal mechanism to compel the remaining roughly 2% of retailers to join, urging consumers to use participating stations.
  • Authorities cite a national average price for regular gasoline of 23.54 pesos per liter, with border areas typically lower due to their fiscal structure.
  • Pemex set a national wholesale price at its terminals to aid compliance, while Profeco monitors prices, offers a real-time tool, and posts warning banners at outlier stations.