The Mexican export blend price hit 99.21 dollars per barrel, its highest in over three years and eight months, driven by Middle East tensions. This exceeds the SHCP's 2026 forecast by 80.7%. Fuel prices in Mexico rose moderately, with diesel most affected.
The Mexican export blend closed the week at 99.21 dollars per barrel, per Petróleos Mexicanos (Pemex) historical data. This marks the highest level in over three years and eight months, up 60.7% in under a month amid Middle East military tensions. Against the Secretaría de Hacienda y Crédito Público (SHCP)'s 2026 Criterios Generales de Política Económica forecast of 54.9 dollars per barrel average, the current price is 80.7% higher. The Paquete Económico 2026 projects that each extra dollar yields about 11.6 billion pesos in additional oil revenues. On fuels, the US saw sharp rises: regular gasoline up 32.6%, premium 24.7%, and diesel 38.7%, according to the American Automobile Association (AAA). In Mexico, diesel climbed 8.1% from 26.270 to 28.391 pesos per liter, per PETROIntelligence. Regular gasoline rose 1.7%, premium 5%, while green gasoline stays capped at 24 pesos per liter under a government-business agreement. These increases narrowed price gaps with the US: Mexican regular gasoline now 31.5% pricier (previously 71.4%), premium 22.5% (was 45.6%), and diesel 20% (was 54.2%).
