Mexico’s Double-Digit Gasoline Price Increase

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(Energy Analytics Institute, Fidencio Casillas, 5.Jan.2017) – The prices of gasoline in Mexico is set to increase gradually and up to 20 percent on average, effective January 1, 2017, although the increases were originally planned to take place in 2018, reports La Radio del Sur.

With the stipulated price increases the different octane grades of gasoline in Mexican pesos per liter will reach the following price ranges:

– Magna 87 octane: currently 13.98 pesos, to increase 18.2 percent to 16.52 pesos – Premium 93 octane: currently 14.81 pesos, to increase 24.2 percent to 18.40 pesos – Diesel: currently 14.63 pesos, to increase 17.8 percent to 17.24 pesos

In Mexico’s principal cities the price increases will be higher than the national average, La Radio reported. In cities such as Mexico City, Puebla, Monterrey and Guadalajara, the price increases will be higher as well as in certain municipalities such as the state of Mexico as revealed by Mexico’s Regulatory Energy Commission (CRE by its Spanish acronym).

Puebla will be the city with the highest gasoline prices as of January 1, 2017. In this city, located about 131 kilometers southeast of Mexico City, the price of Magna gasoline will reach 16.59 Mexican pesos per liter, up 18.7 percent or 2.61 pesos compared to 13.98 pesos before the implementation of the price increase.

The new gasoline prices in Mexico will now surpass prices in other selected countries as follows: USA (13.67 pesos/liter), Colombia (14.61 pesos/liter), Bolivia (10.77 pesos/liter), and Iraq (13.05 pesos/liter), according to La Radio.

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