Taxpayers to Contribute 230 Pesos Each in 2026 to Support Pemex, Analysis Finds
Reduced tax take alongside large Energy Ministry transfers leaves a 31 billion‑peso gap that Mexico Evalúa says turns Pemex into a budget cost.
Overview
- The proposed federal revenue law projects 1.204 trillion pesos in petroleum income for 2026.
- After lower charges on Pemex, the treasury would retain about 233 billion pesos while Energy Ministry transfers total 263 billion pesos, implying a 31 billion peso shortfall.
- Mexico Evalúa estimates the net effect equals roughly 230 pesos from each taxpayer to keep the state oil company operating.
- Net petroleum rent per person has fallen from 17,826 pesos in 2008 to 224 pesos in 2024, with a modest rebound to 898 pesos projected for 2025.
- About 75% of projected 2026 revenue is precommitted—roughly 30 pesos to state transfers, 27 to pensions and 19 to debt service out of every 100—limiting room for public services.