The Mexican government allocated around 20 billion pesos to prevent increases in gasoline and diesel prices amid rising international oil costs.
President Claudia Sheinbaum announced the measure during her morning press conference. The subsidy aims to keep regular gasoline at a maximum of 24 pesos per liter and diesel at 27 pesos through tax reductions.
Sheinbaum stated the policy will continue while external pressures persist. The net impact on public finances is partially offset by higher revenues from the Derecho Petrolero para el Bienestar.
Current prices stand at 23.694 pesos per liter for regular gasoline and 27.079 pesos for diesel, according to PetroIntelligence data. The Mexican export mix closed at 75.75 dollars per barrel.
