Mexico’s Gasoline Price Lowest in LAC Region

(Energy Analytics Institute, Fidencio Casillas, 16.Jan.2017) – The average gasoline price in Mexico, the largest Spanish speaking country in the Americas, is still the lowest amongst select countries in the Latin American and Caribbean (LAC) region.

Mexico’s average gasoline price of 15.9 Mexican pesos per liter remains the lowest among select countries in the LAC region, according to data published by state oil company Petróleos Mexicanos S.A. de C.V. (Pemex). Uruguay, with an average gasoline price of 29.3 Mexican pesos per liter, is the Southern Cone country in the LAC region with the highest average gasoline price, followed thereafter by Cuba in the Caribbean and then Belize in Central America.

Country ——————— Gasoline Price in Mexican Pesos per Liter

Uruguay ——————– 29.3

Cuba ———————— 27.3

Belize ———————- 24.4

Brazil ———————– 23.7

Dominican Republic —- 23.3

Chile ———————– 23.1

Argentina —————– 23.1

Costa Rica —————- 20.2

Peru ———————— 20.2

Paraguay —————— 20.0

Honduras —————— 19.6

Nicaragua —————– 19.0

Mexico ——————– 15.9

Source: Pemex

Gasoline prices in Mexico increased — effective as of January 1, 2017 — as part of a plan by the government to boost fuel prices in line with international oil prices, said Mexican President Enrique Pena Nieto in a speech broadcast on Mexico’s Televisa television station.

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ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

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