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Sheinbaum Says Regular Gas Prices Will Not Rise in January Despite IEPS Update

Officials cite a nationwide voluntary pact with fuel retailers that holds regular gasoline at or below 24 pesos per liter despite the inflation‑linked tax adjustment.

Overview

  • President Claudia Sheinbaum said there will be no increase in gasoline prices in January 2026, echoing guidance from the Energy and Finance ministries.
  • The government says the agreement covers roughly 98% of gas stations, committing participants to keep regular fuel at or under 24 pesos per liter.
  • Premium gasoline is not included in the core arrangement, though the government says discussions with distributors continue and the pact is reviewed every six months.
  • Authorities acknowledge some southeastern areas may post prices above 24 pesos per liter due to transport and logistical factors.
  • Sheinbaum cited prior retail prices of 26–27 pesos per liter and estimated margins near 3 pesos as the rationale for stabilizing the regular fuel price.