Mexico Gasoline Prices (2024)

Gasoline Prices in Mexico decreased to 1.36 USD/Liter in April from 1.41 USD/Liter in March of 2024. Gasoline Prices in Mexico averaged 0.93 USD/Liter from 1992 until 2024, reaching an all time high of 1.41 USD/Liter in March of 2024 and a record low of 0.32 USD/Liter in December of 1995. source: PETROIntelligence

Gasoline Prices in Mexico is expected to be 1.38 USD/Liter by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Gasoline Prices is projected to trend around 1.45 USD/Liter in 2025 and 1.49 USD/Liter in 2026, according to our econometric models.

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Related Last Previous Unit Reference
Consumer Confidence 47.30 47.30 points Apr 2024
Consumer Credit 1820063.40 1739729.80 MXN Million Dec 2023
Private Spending 18032519.00 17602194.00 MXN Million Dec 2023
Gasoline Prices 1.36 1.41 USD/Liter Apr 2024
Households Debt to GDP 16.30 16.30 percent of GDP Dec 2023
Personal Savings 21.10 20.30 percent Dec 2022
Private Sector Credit 6240274158.00 6222377120.00 MXN Thousand Feb 2024
Retail Sales MoM 0.40 -0.60 percent Feb 2024
Retail Sales YoY 3.00 -0.80 percent Feb 2024

Mexico Gasoline Prices

Actual Previous Highest Lowest Dates Unit Frequency
1.36 1.41 1.41 0.32 1992 - 2024 USD/Liter Monthly

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Mexico Gasoline Prices (2024)

FAQs

What is the price of gasoline in Mexico? ›

The price of 1 liter (1/4 gallon) of gas in Mexico City is $1.45 (Mex$ 24) This average is based on 28 price points. It can be considered reliable and accurate. Latest update: May 19, 2024.

Is gas cheaper in Mexico or the USA? ›

According to data from PEMEX and other consulting firms, the average price of Magna gasoline in Mexico during 2023 was MX$22.08/L (US$1.30/L), which is 120.8% above the promised amount set by President López Obrador.

Why is gasoline so expensive in Mexico? ›

Taxes on gasoline in Mexico are five times higher than in the United States, making fuel at least 60% more expensive, according to an analysis by newspaper El Economista.

How much does it cost to fill up gas in Mexico? ›

Average price of regular gasoline per liter in Mexico in 2023, by state (in Mexican pesos)
CharacteristicAverage price in Mexican pesos per liter
Campeche19.84
Michoacán de Ocampo19.78
Zacatecas19.72
Durango19.71
9 more rows
Feb 22, 2024

What country has the cheapest gas? ›

Using data from globalpetrolprices.com, these are the top ten nations with the cheapest gasoline per US gallon as of 29 October, 2023.
  • Venezuela, $0.132.
  • Algeria, $1.268.
  • Kuwait, $1.285.
  • Angola, $1.369.
  • Egypt, $1.409.
  • Turkmenistan, $1.625.
  • Malaysia, $1.628.
  • Kazakhstan, $1.711.
Oct 29, 2023

Does the US buy gasoline from Mexico? ›

The top five source countries of U.S. gross petroleum imports in 2023 were Canada, Mexico, Saudi Arabia, Iraq, and Brazil. Note: Ranking in the table is based on gross imports by country of origin.

Who has the highest gas prices in the world? ›

Residents of Hong Kong pay the highest international gas prices, with 1 gallon setting them back $11.43.

Where is gas the cheapest in us? ›

Mississippi has the lowest price of gas, with an average of $3.05 per gallon of regular gas.

How much is a gallon of milk in Mexico? ›

Milk isn't one of those things that are cheaper in Mexico. A gallon costs about four dollars American, or 50 pesos, at the grocery stores in Saltillo.

Where does Mexico get their gasoline from? ›

Mexico currently buys the bulk of the fuels it consumes from U.S. refineries.

Where is gas the most expensive in America? ›

Most expensive US states for gas
  • California ($5.45)
  • Hawaii ($4.78)
  • Washington ($4.67)
  • Nevada ($4.63)
  • Oregon ($4.44)
  • Alaska ($4.37)
  • Arizona ($4.13)
  • Utah ($3.96)
Apr 22, 2024

What is the gas tax in Mexico? ›

As of January 2019, the excise tax on propane in Mexico amounted to 7.26 U.S. cents per liter, while the excise tax on diesel was 15.46 cents per liter.

What kind of gasoline do they use in Mexico? ›

Purchasing Gas in Mexico is Easy

The unleaded gasoline is called 'Magna Sin', which is supposed to have an octane rating of around 90. At some locations you may be able to find 'Magna Premium' which is supposed to have an even higher octane level, but 'Magna Premium' is not available at all Pemex locations.

How much is rent in Mexico? ›

The median rent in Mexico is ~$2,000MXN, or roughly $100USD monthly. The average rent in Mexico is ~$3,000MXN a month, or $150USD. Mexico has a home ownership rate of 80%, the highest in Latin America and one of the highest in the world.

What octane is PEMEX gasoline? ›

The grades of PEMEX gasoline are 'Magna' (Regular Unleaded 87 octane - green pump handle) and 'Premium' (92 octane - red pump handle).

How much is gas in Cancun in US dollars? ›

The price of 1 liter (1/4 gallon) of gas in Cancún is $1.45 (Mex$ 24) This average is based on 11 price points. It can be considered reliable and accurate. Latest update: May 03, 2024.

Why is diesel so expensive in Mexico? ›

The deregulation strategy involves the government ending subsidies and letting the market dictate prices. It is part of the energy reform passed two years ago by President Enrique Pena Nieto, which established 90 different tariff zones where prices are allowed to fluctuate.

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