Renew agreement to set the price of gasoline at 24 pesos
The Mexican government and gas station owners have renewed a voluntary agreement to keep the price of regular gasoline at 24 pesos per liter.
In a significant move for Mexico's economic stability, the federal government, led by President Claudia Sheinbaum, has renewed a voluntary agreement with gas station owners to maintain the price of regular gasoline at 24 pesos per liter. This decision comes amidst rising global gasoline prices, highlighting the government's efforts to protect the financial well-being of Mexican families by ensuring affordability in this essential commodity. Sheinbaum emphasized this initiative on social media, pointing out that it is aimed at shielding citizens from international market fluctuations.
The event took place in Palacio Nacional and included remarks from Energy Secretary Luz Elena GonzΓ‘lez Escobar, who praised the collaboration between the government and the business sector for making this agreement possible. She indicated that ongoing dialogue and cooperation with business groups have led to advancements that benefit both the industry's health and the broader society. This partnership reflects a unique approach in Mexico, emphasizing the role of cooperative agreements in managing fuel prices rather than relying solely on market forces.
With approximately 13,600 out of over 14,230 gas stations participating in this agreement, the reach of this initiative demonstrates a significant commitment from the industry. The renewal of this price control is seen as a critical measure to mitigate the impact of external economic influences on local consumers. As inflation concerns remain prevalent, such actions are pivotal for maintaining public confidence and stabilizing household budgets in a time of global economic uncertainty.