Mexico's government announced the elimination of bank commissions for paying gasoline with credit and debit cards at service stations, offering discounts of up to 7.45 pesos per transaction. The measure, presented on April 27 by President Claudia Sheinbaum and Finance Secretary Édgar Amador, takes effect on May 1 and aims to curb inflation. It was agreed with the Mexican Banking Association and other institutions.
During the morning press conference on Monday, April 27, President Claudia Sheinbaum and Finance Secretary Édgar Amador outlined the agreement to eliminate the interchange fee on card payments at gas stations. This fee accounts for 80% of total commissions, now reduced to zero percent.
Specific discounts include 7.45 pesos less per credit card transaction (previously 1%), 2.57 pesos for debit cards or open-network vouchers (previously 0.45%), and a fixed 1.10 pesos for closed-network vouchers. The measure runs from May 1 to October 31, with possible extension, alongside price caps on Magna gasoline and diesel.
"The commission charged to the gas station will go down, so the gas station will pay less for accepting digital payments. This savings will be reflected in the price you pay," Amador explained. Emilio Romano Mussali, president of the ABM's board, stated: "We are committed to the federal government's measures and President Claudia Sheinbaum to protect the Mexican economy".
The goal is to ease price pressures on consumers, particularly for diesel. Sheinbaum previewed a future plan to reduce cash payments at gas stations and other establishments, promoting digitalization.
