Gasoline prices in Mexico City this March 2

“If gas goes up, everything goes up”, is the popular saying that reflects the importance of fuel prices on a daily basis, whether we have a car or not.

Although obviously those most interested in gasoline prices They are motorists, those who drive and deal with traffic on the streets of Mexico City, either to get to work or because it is their job to drive.

For all of the above, it is essential to stay informed about fuel costs so that their variations do not take you by surprise.

For this reason, government agencies such as the Energy Regulation Commission (CRE) and the Federal Consumer Prosecutor’s Office (Profeco) They constantly publish updated fuel prices throughout Mexico.

These are the average gasoline and diesel prices at outlets in Mexico City for March 2. Remember that the cost of gasoline changes every day, so it’s important that you keep up to date with its value.

He magna gasoline value this day is 22,367 pesos per liter On average.

While the cost of premium gasoline today it is sold in 24,822 pesos per liter On average

As for diesel price it is located in 23,549 pesos per liter On average.

Prices reported by permit holders online in accordance with the obligation established in Energy Regulatory Commission Agreement No. A/041/2018.

Being regulated by the market, the price of gasoline varies not only by state and city, but also by season.

To consult the lower fuel prices per gas station In real time, there is the following official website of CRE -the highest energy regulatory body in Mexico-, where you can access this and more information about it, in entering only the entity and the municipality of residence.

There prophecy It also has a web page to provide updated information on gas stations that sell gasoline and diesel with the highest and lowest prices in the whole country.

The Profeco page is called “Who’s who in essence“, which is constructed from the reports of the same CRE on the sale to the public of petrol and diesel.

Other Profeco services is the app Liter X Literavailable on iOS and Android, where users will be able to identify gas stations that they sell full liters gasoline and diesel, as well as compare prices, submit complaints and complaints.

The cost of fuels can vary in Mexico due to various factors such as the reference price, taxes and logistics.

He The benchmark cost is based on international oil pricessince it is quoted in dollars globally, the average value of gasoline is therefore modified in relation to the exchange rate between the dollar and the peso.

During the first months of the covid-19 pandemic, the influence of international oil prices in gasoline when hydrocarbon fell to historic lowswhat triggered gasoline will save very low costuntil the “black gold” stabilizes and with it the value of its derivatives.

The same thing happened, but in an opposite case, during the first half of 2022, when international oil prices have skyrocketed and with it the cost of fuel worldwide.

However, some countries were less affected due to different measures, such as Mexico, where a subsidy applied by the federal government kept fuel prices relatively stable.

This grant is an incentive to Special Tax on Production and Services (IEPS) Federal, which directly influences fuel prices and is determined by the Ministry of Finance and Public Credit (SHCP).

The bone Costs may also change for logistical reasons, i.e. transport and storage, if fuel prices increase when transporting refined oil and gasoline in tankers or by ship, the costs will increase.

Other factors that affect gasoline costs are given by geographic location.