What is the price of gasoline in Nuevo León this May 26

One of the main promises that Andrés Manuel López Obrador made when he took office as President of Mexico was not to raise the price of fuel, which is why gasoline and diesel have become one of the main topics of conversation among Mexicans.

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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.

It may interest you: Gasoline price in Nuevo León today

For this reason it is important to be informed, government agencies such as the Energy Regulatory Commission (CRE) and the Federal Consumer Attorney’s Office (Profeco) constantly report updated fuel prices throughout the Mexican territory.

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Before filling the tank of your car, check what the fuel prices are in Nuevo León this May 26. Remember that the cost of gasoline changes daily so it is important that you know its value.

Regular gasoline average price per liter: 23,564 pesos

Premium gasoline average price per liter: 25,679 pesos

Diesel average price per liter: 24,131 pesos

Prices reported by permit holders online in accordance with the obligation established in Agreement No. A/041/2018 of the Energy Regulatory Commission.

Magna, premium and diesel, what is the price of gasoline. (Infobae file)

When regulated by the market, the price of fuels not only varies by entity and municipality, it even does so by gas station.

To know the lowest cost of fuel per station in real time, 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 on the matter, entering only the state and the municipality of residence.

Profeco also has a website in order 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.

Other of Profeco’s services is the Litro X Litro app, available on iOS and Android, where users can identify fuel stations that sell full liters of fuel, as well as compare prices, file complaints and complaints.

Several factors alter the price of fuels. (Infobae file)

The price of gasoline 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 fuels was evident when the hydrocarbon fell to reach historical figures, which triggered gasoline to register very low costs, until “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 Federal Government kept gasoline prices relatively stable.

Said 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 fuel prices are given by geographic location.

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