Ameer Randolph
As of 26 May 2025, the price of diesel fuel in Mexico is MXN 25.74 per litre or USD 1.34 per litre. This is higher than the world average diesel price, which is USD 1.13 per litre. Mexico has recently undergone its first significant energy reform in over 80 years, opening its fuel markets to outside investment. This has led to increased interest from businesses looking to enter the Mexican market.
| Characteristics | Values |
|---|---|
| Current price of diesel fuel in Mexico | MXN 25.74 per liter or USD 1.34 per liter |
| World average diesel price | USD 1.13 per liter |
| Average diesel price in Mexico from 2015-06-22 to 2025-05-26 | MXN 20.31 per liter |
| Minimum diesel price in Mexico during the same period | MXN 13.77 on 2016-01-04 |
| Maximum diesel price in Mexico during the same period | MXN 26.00 on 2025-04-07 |
| Current gasoline price in Mexico | MXN 25.42 per liter or USD 1.34 per liter |
| World average gasoline price | USD 1.20 per liter |
| Average gasoline price in Mexico from 2015-07-20 to 2025-06-23 | MXN 20.59 per liter |
| Minimum gasoline price in Mexico during the same period | MXN 13.95 on 2016-02-01 |
| Maximum gasoline price in Mexico during the same period | MXN 25.57 on 2025-02-17 |
| Mexico's energy sector | Rapidly transforming with first significant energy reform in over 80 years |
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What You'll Learn
Current price of diesel fuel in Mexico
As of 26 May 2025, the price of diesel fuel in Mexico is MXN 25.74 per litre or USD 1.34 per litre. The average diesel price in the country between 22 June 2015 and 26 May 2025 was MXN 20.31 per litre, with a minimum of MXN 13.77 on 4 January 2016 and a maximum of MXN 26.00 on 7 April 2025.
The price of diesel fuel in Mexico is determined by various factors, including the country's energy policies and the global market for petroleum products. Mexico has recently undergone significant energy reform, opening its fuel markets to outside investment. This has led to increased interest from businesses looking to enter the Mexican market and has highlighted the importance of accurate commodity price discovery for fuel supply contracts and investment decisions.
The OPIS Mexico Fuels Report offers insights into the pricing of gasoline and diesel in the country. It provides a landed spot market index that assesses the price of Mexico-delivered gasoline, diesel fuel, and jet fuel based on daily OPIS assessments of US benchmark refined product spot markets. The report also accounts for regional differences in fuel specifications between Mexico and the US to provide a comprehensive understanding of the cost of supplying fuel across the border.
It is worth noting that Mexico's Public Policy for Minimum Storage of Petroleum Products (PPMSPP) has created some uncertainties and challenges in the country's fuel market. However, with the government updating its prices monthly and the availability of resources like the OPIS Mexico Fuels Report, stakeholders can make informed decisions to maximise their ROI in this emerging marketplace.
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How diesel prices in Mexico compare to world averages
As of 26 May 2025, the price of diesel fuel in Mexico was USD 1.34 per litre. This is higher than the world average diesel price, which is USD 1.13 per litre.
Diesel prices vary significantly across the world. For example, in 2016, the average diesel price across 160 countries was USD 0.87 per litre, with Iceland having the highest price at USD 1.63 per litre, and Libya the lowest at USD 0.11 per litre.
Mexico's diesel prices have fluctuated over time. Between June 2015 and May 2025, the average diesel price in Mexico was MXN 20.31 per litre, with a minimum of MXN 13.77 on 4 January 2016 and a maximum of MXN 26.00 on 7 April 2025.
While Mexico's diesel prices are currently higher than the world average, they have been relatively stable compared to other countries. The government's influence on price fixing could be a factor in this stability, as suggested by the long flat lines in the price data.
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Energy reform and market changes in Mexico
Mexico's energy reforms have had a significant impact on the country's energy sector and have also affected its competitiveness in the global energy market. The reforms have been aimed at increasing state control over the energy sector, with the goal of reducing corruption and creating a level playing field between state-run and private companies.
One of the key changes has been the dissolution of Mexico's independent energy regulators, the National Hydrocarbons Commission (CNH) and the Energy Regulatory Commission (CRE), and their replacement with a centralized National Energy Commission (CNE) that reports directly to the executive branch. This gives greater control to the state and aligns with the government's broader energy agenda, known as Plan México, which aims to increase power generation capacity and ensure a majority stake for the Federal Electricity Commission (CFE) in electricity generation and the power market.
The energy reform has also opened up the generation market to more competition. While earlier reforms allowed private actors to compete with the CFE, the benefits accrued more to self-generators than to the wider public. Now, the Mexican government is considering expanding the scope of qualified users who can buy electricity in the wholesale market, which could lead to lower prices for end users. This move towards greater competition in the energy sector, however, has raised concerns among private and foreign stakeholders about regulatory transparency and investment.
Mexico's energy reforms have also targeted the country's hydrocarbons sector, aiming to increase oil and gas production by eliminating the state oil company Pemex's monopoly on hydrocarbon exploration and production. This could have significant implications for global energy markets, as North America has recently seen a boom in unconventional energy production, with Mexico, the US, and Canada together producing nearly a quarter of the world's energy.
The reforms have also impacted Mexico's renewable energy sector. By prioritizing power produced by the CFE, which primarily generates power from hydro, nuclear, natural gas, and fuel oil, the reforms have effectively favored fossil fuels over renewable energy. This has raised concerns about Mexico's ability to meet its climate goals and may affect the country's ability to fulfill its commitments under international environmental agreements.
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Regional gasoline specifications in Mexico
Motor vehicle fuels in Mexico have historically been distributed by the state-owned company Petróleos Mexicanos (PEMEX). In 2013, President Enrique Peña Nieto proposed an energy reform to allow independent companies to participate in the oil business supply chain, which was approved by Congress. As a result, the Energy Regulatory Commission (CRE) published an emergency standard, NOM-EM-005-CRE-2015, in the Federal Register on October 30, 2015, which took immediate effect and remained in force for six months. This standard was later extended for an additional six months and eventually replaced by NOM-016, which set permanent specifications for petroleum-based fuels for on-road and off-road vehicles, jet fuel, industrial fuels, and liquid petroleum gas.
The gasoline specifications set by NOM-016 include an annual average sulfur content of 30 parts per million (ppm) and a per-batch limit of 80 ppm. Diesel fuel regulations require ultralow sulfur diesel with a maximum sulfur content of 15 ppm nationwide by December 2018. This ultralow sulfur diesel must be sold in the border region with the US, major cities, and 11 specified corridors, accounting for 70% of the total supply. Diesel produced within the country and sold outside of these specified regions may comply with a 500 ppm limit until the end of 2018. After this date, all diesel sold within Mexico must meet the 15 ppm sulfur limit.
The three metropolitan zones defined in the regulations are the Mexico City Valley (ZMVM), Guadalajara Metropolitan Area (ZMG), and Monterrey Metropolitan Area (ZMM). The Northern Border Zone (ZFN) includes municipalities bordering the US in Baja California, Sonora, Chihuahua, Coahuila, Nuevo Leon, and Tamaulipas. The 11 transportation corridors connect the largest industrial and metropolitan areas, forming highways between them. Marine and agricultural diesel fuels must be coloured with purple dyes and have a maximum sulfur content of 5000 ppm, regardless of the region.
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$144.96
Historical diesel price data in Mexico
As of 26 May 2025, the price of diesel fuel in Mexico is MXN 25.74 per litre or USD 1.34 per litre. This is higher than the world average diesel price, which stands at USD 1.13 per litre.
Historical data shows that diesel prices in Mexico have fluctuated over the past decade. Between 2015 and 2025, the average diesel price in Mexico was MXN 20.31 per litre. The price reached its minimum during this period on 4 January 2016, when it dropped to MXN 13.77 per litre. Conversely, the maximum price during this period was recorded on 7 April 2025, when it peaked at MXN 26.00 per litre.
The data suggests that diesel prices in Mexico have generally been on an upward trajectory since 2016. While there may have been minor fluctuations, the overall trend indicates a steady increase in diesel prices over time. This could be influenced by various factors such as global oil prices, economic conditions, and local demand and supply dynamics.
It is worth noting that diesel prices in Mexico are regulated by the government, which can result in extended periods of stable prices. The frequency of price updates can vary, with some sources suggesting weekly or monthly adjustments based on market conditions and external factors.
By analysing historical diesel price data, we can identify patterns and trends that can inform predictions about future price movements. While past performance does not guarantee future results, understanding the historical context can provide valuable insights into the dynamics of diesel pricing in Mexico.
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Frequently asked questions
The cost of diesel fuel in Mexico as of May 26, 2025, was MXN 25.74 per liter or USD 1.34 per liter.
The cost of diesel fuel in Mexico is higher than the world average, which is USD 1.13 per liter.
You can find information on diesel fuel prices in Mexico through government sources, regulatory agencies, petroleum companies, and major media sources. Additionally, websites like GlobalPetrolPrices.com and OPIS provide reports and data on fuel prices in Mexico.
