Gasoline shortages reported in eleven states amid price caps

Business owners in the sector report supply issues for Magna and diesel in at least eleven Mexican states. The voluntary price cap, in place for over a year, faces pressure from rising import costs linked to the Middle East crisis.

According to reports from business owners, Aguascalientes and Zacatecas show confirmed shortages of Magna and Premium. Saltillo faces overdemand while Pemex diverts product to Monclova. Other locations including Chihuahua, Ciudad Juárez, Tula, Querétaro, Zamora, Toluca, Azcapotzalco, Cadereyta and Santa Catarina also report disruptions.

Columnist Atzayaelh Torres noted that Pemex imports nearly 70 percent of the fuel consumed in the country. Between February 27 and April 15, the cost of importing gasoline rose 58.6 percent and diesel 32 percent. Maritime freight from the United States increased from 225 thousand to 415 thousand dollars per shipment.

Reserves are at low levels. Reynosa has zero storage and the Valle de México has less than three days of inventory, although the law requires five. Compliance with the diesel price cap fell to 61 percent.

The president stated on Friday, May 22, that the gasoline pact remains firm and there is no shortage. Torres warned that denying situations observed by drivers erodes the credibility of authorities.

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South Korean PM Kim Min-seok addresses meeting on extending fuel price caps amid Middle East supply crisis.
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PM to decide on fuel price caps after review

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Prime Minister Kim Min-seok said Wednesday the government will decide whether to extend fuel price caps after a careful review, as the temporary measure expires this week. Introduced in mid-March to counter supply disruptions from the Middle East conflict, the system has shown positive effects despite mixed opinions. Kim made the remarks at a meeting on the crisis's economic impact.

Gas stations in Mexico are operating on tight margins of 70 cents per liter in diesel sales due to the federal government's price cap.

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The National Petroleum Company reported minor fuel price changes on Wednesday that take effect Thursday, May 7. 93-octane gasoline rises 0.1 pesos per liter and diesel falls 47.3 pesos, while kerosene stays the same.

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