MEXICO CITY, MEXICO (By Fidencio Casillas, Editores Latin Petroleum, 9.Nov.2026, Words: 205) — Petróleos Mexicanos (PEMEX) director Juan Carlos Carpio boasted the company is key to curbing inflation in Mexico, despite the impacts of rising oil prices.
During his appearance before the Energy Commission in the Chamber of Deputies, Carpio guaranteed that increased gasoline and diesel production at competitive prices and efficient product distribution logistics have helped contain inflationary pressures.
This, he said on 9 Nov. 2026 in a post on social media, was to the benefit of the Mexican economy and families, unlike what is happening in other countries around the world.
Carpio added that while the Finance Ministry implemented a tax incentive on the IEPS (Special Tax on Production and Services) for diesel, and for Magna and Premium gasoline, PEMEX also provides relief to Mexican consumers.
Inflation
Prolonged high energy costs increase the risk of inflationary effects worldwide.
Headline inflation in Mexico rose to 3.75% year-on-year in Oct. 2026, up from 3.45% the previous month.
Authorities have acknowledged that inflation would be above 5% without federal government support.
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By Fidencio Casillas reporting from Mexico City. © 1999-2026 Energy Analytics Institute (EAI) and its 100% owned Venezuelan affiliate Editores Latin Petroleum CA. All Rights Reserved.
