PETROIntelligence
Mexico Boosts Fuel Subsidies Amid Persistent Price Volatility
The Mexican government announced increased subsidies for diesel and gasoline from April 4-10, aiming to stabilize domestic fuel prices amidst global oil market volatility. However, fuel prices stay elevated, and measures like price caps have yet to be enforced, leaving consumers still paying high prices.
Over 3.1 Million Mexicans Live More Than Five Kilometers from Nearest Gas Station
More than 3.1 million Mexicans live beyond five kilometers from the nearest gas station, mainly in central and southern areas. Addressing this gap is crucial to enhance mobility and local economic activity through new service models like modular gas stations.
Sheinbaum Renews Pact to Cap Regular Gasoline Below 24 Pesos Amid Rising Premium Prices
President Claudia Sheinbaum renewed a pact with most Mexican gas stations to keep regular gasoline prices below 24 pesos per liter. This stabilizes costs amid rising premium gasoline and diesel prices exceeding 30 pesos in some areas, affected by global market trends.