This is the price of gasoline in Mexico for February 22

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The price of gasoline changes daily throughout the country and are disclosed by the Energy Regulatory Commission

One of the main promises that Andrés Manuel López Obrador made upon assuming the Presidency of the Republic was not to raise fuel prices, which is why gasoline and diesel have become one of the main topics of conversation among Mexicans.

There have been several occasions in which the president has called on dealers to help maintain a balance between prices and comply with the commitment not to make increases that have a significant impact on the pockets of citizens.

However, factors such as international oil costs, the dollar exchange rate, taxes, the profit margin of gas station brands, logistics costs and even geographic location mean that the price of fuel cannot be maintained without changes.

For this reason, it is important to be up to date. Government agencies such as the Energy Regulatory Commission (CRE) and the Federal Consumer Attorney’s Office (PROFECO) constantly publish updated prices for gasoline and diesel in states and cities.

How much does gasoline cost per liter?

Before filling the tank of your car, check the prices of gasoline and diesel in Mexico this February 22. Remember that the cost of fuel varies daily, so it is important that you stay updated on its value.

Regular gasoline average price per liter: 21,883 pesos

Premium gasoline average price per liter: 24,121 pesos

Diesel average price per liter: 23,693 pesos

By being regulated by the market, the price of fuel not only changes by entity and municipality, it even from gas station to gas station.

To know the lowest value of gasoline per station every day, there is the following official link of the CRE -the highest regulatory body in energy matters in Mexico-, where you can access this and more information about it by entering only the entity and the municipality of residence.

PROFECO also has a web page to provide updated information on the service stations that sell gasoline and diesel with the highest and lowest prices throughout the country.

The PROFECO page is called “Who is who in the gasoline”, which is built from the reports of the same CRE on the sale to the public of gasoline and diesel.

The price of fuels can vary in Mexico due to a variety of factors such as reference costs, taxes and logistics.

The reference cost is based on international oil prices, since it is quoted in dollars globally, therefore, the average value of gasoline is modified with respect to the exchange rate between the dollar and the peso.

During the first months of the covid-19 pandemic, the influence of international oil prices on gasoline was evident when the hydrocarbon dropped to reach historical figures, which triggered the fuel to register very low costs, until the “black gold” stabilized and with it the value of its derivatives.

The same thing happened, but in an opposite case, during the first half of 2022, when international oil prices skyrocketed and with it the cost of fuel around the world.

However, there were countries that were less affected due to different measures, such as Mexico, where a subsidy applied by the State kept fuel prices relatively stable.

This subsidy is a stimulus to the Federal Special Tax on Production and Services (IEPS), which directly influences the price of gasoline, and which is determined by the Ministry of Finance and Public Credit (SHCP).

Costs can also change for logistical reasons, that is, transportation and storage, if fuel prices rise when transporting refined oil and gasoline in pipes or by ship, costs will increase.

Other factors that influence gasoline costs are given by geographic location.

Source: Infobae