Gas Station Owners Agree to Extend Price Cap

The federal government and gas station owners have agreed to extend the strategy to stabilize regular gasoline and diesel prices for another six months, keeping them unchanged through February of next year.

The agreement stipulates that regular gasoline will be sold for less than US$1.42 per liter, while diesel will remain at a reference price below US$1.59 per liter.

“In border regions, prices may be lower due to the application of an 8 percent Value-Added Tax (VAT),” the Ministry of Energy (SENER) noted in a statement.

The EPRa SR renewal was formalized in the presence of Mexican President Claudia Sheinbaum Pardo, continuing the strategy that has been in place throughout the month.

Regular gasoline has been subject to a price stabilization agreement since February 2025, when the government and business leaders voluntarily agreed on a maximum price of US$1.42 per liter for the first six months. The measure has since been renewed on several occasions and was extended for an additional six months in September of last year, setting the national average price at US$1.36. Subsequently, in March of this year, the government and business leaders reaffirmed their commitment, with 96% of gas stations participating, and by August, the national average price of regular gasoline had already reached US$1.40 per liter, remaining below the established benchmark, according to a report by the consulting firm PETROIntelligence.

The diesel strategy reportedly began in March and April of this year, starting with the government’s negotiations with business leaders, which stabilized the price of diesel at around US$1.65 per liter, before it was reduced to US$1.59 by the end of April.

For this new phase of the reform, the government and business leaders agreed to continue holding working groups focused on regulatory simplification, strengthening logistics chains, and analyzing operating costs to ensure the strategy’s continuity. In addition, the coal sector has also acknowledged progress in administrative streamlining, combating the illicit hydrocarbons market, reducing fees charged for payments made with cards and other electronic means, and in the area of public safety.