Despite international pressure, gasoline prices in Mexico will remain stable: PROFECO

Ricardo Sheffield Padilla, head of the Federal Consumer Protection Agency (PROFECO), guaranteed on Monday that, despite strong international pressure on fuel prices, gasoline prices in Mexico are stable.

In a morning press conference, the Attorney General pointed out that despite this pressure, thanks to the fiscal incentive programs ordered by President Andrés Manuel López Obrador, prices will remain stable.

He detailed that the price per barrel of the Mexican oil mix stands at 86 dollars and 86 cents.

“The average price of regular gasoline last week was 22 pesos and 59 cents per liter, Premium 24 pesos and 67 cents and diesel 23 pesos and 98 cents. You can see if you compare the last months, weeks, that there is stability in these prices in spite of the fact that there is a strong international pressure on fuel prices.

“On September 14, the Mexican oil mix was 86 dollars and 86 cents of a dollar, already hitting the 90s, giving them a lot of pressure in the international market. However, thanks to the tax incentive program ordered by President Andrés Manuel López Obrador, the IEPS (Special Tax on Production and Services) incentive this week, which is what keeps the price stable, will be 61.8% of 41.4% for Premium and 63.3% for diesel,” he said.

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