Sheinbaum renews agreement to maintain 'ceiling' price of gasoline: This is the price of Magna per liter
President Claudia Sheinbaum has renewed a voluntary agreement with 96% of service stations to keep the price of Magna gasoline below 24 pesos per liter.
President Claudia Sheinbaum announced the renewal of a voluntary agreement involving 96% of gas stations to stabilize the price of Magna gasoline at under 24 pesos per liter. Despite rising gasoline prices globally, this initiative aims to protect Mexican families' finances. The agreement, known as the 'National Policy to Promote the Stabilization of Gasoline Prices for the Benefit of the People of Mexico', was initially signed in February 2025 and has seen regular renewals over the past year.
The government, alongside representatives from the gas station industry, underscored the importance of this agreement during a meeting at the National Palace. The commitment from over 13,000 gas stations reflects a significant collaboration between the state and the private sector to ensure affordability for consumers amidst a global increase in fuel prices. This strategic move is expected to alleviate some of the financial pressures faced by families due to inflation and the rising cost of living.
By maintaining this cap on gasoline prices, the administration aims to maintain economic stability for families while projecting an image of strength and control over economic challenges. However, the implications of such measures may spark continued debates about their long-term sustainability and the pricing structures within the gasoline sector in Mexico as global trends evolve.