Sylvie Willis
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 of 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. As the country's energy sector continues to evolve, accurate and transparent pricing information is critical for stakeholders looking to maximise their ROI.
| 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 from 2015-06-22 to 2025-05-26 | MXN 20.31 per liter |
| Minimum diesel price during the above period | MXN 13.77 on 2016-01-04 |
| Maximum diesel price during the above period | MXN 26.00 on 2025-04-07 |
| Wholesale diesel pricing for Mexico | Available |
| Mexico's energy sector | Rapidly transforming |
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What You'll Learn
Current price: MXN 25.74/litre or USD 1.34/litre
As of May 26, 2025, the price of diesel fuel in Mexico is MXN 25.74 per liter, equivalent to USD 1.34 per liter. This price is notably higher than the world average diesel price, which stands at USD 1.13 per liter.
Over the last decade, diesel prices in Mexico have fluctuated. Since June 22, 2015, the average diesel price has been MXN 20.31 per liter. The price has not dropped below MXN 13.77, observed on January 4, 2016, and reached a peak of MXN 26.00 on April 7, 2025.
The diesel price data for Mexico is gathered from various sources, including official government sources, regulatory agencies, petroleum companies, and major media outlets. The data is updated weekly to provide an up-to-date picture of diesel costs in the country.
It's worth noting that Mexico has recently undergone significant energy reforms, opening its fuel markets to outside investment. This has led to increased interest from businesses looking to capitalize on emerging market opportunities. As Mexico's energy sector continues to evolve, accurate and timely fuel price information becomes crucial for stakeholders when negotiating contracts, making investment decisions, and optimizing returns.
The current diesel price of MXN 25.74 per liter in Mexico reflects the ongoing transformations in the country's energy landscape and underscores the importance of staying informed about fuel price dynamics in the region.
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Historical pricing
The price of diesel fuel in Mexico has fluctuated over the years, with historical data showing various trends. From 1992 to 2016, the average price of diesel in Mexico was $0.55 per liter in US dollars. During this period, the price reached its minimum in 1995, with a value of $0.25 per liter. Conversely, the maximum price per liter during this timeframe was recorded in 2014, at $1.02 per liter.
Moving forward to 2016, the price of diesel fuel in Mexico experienced a decline from the previous year's high. The value for this year was recorded as $0.72 per liter. This price was significantly lower than the world average of $0.87 per liter, based on data from 160 countries.
Between June 2015 and May 2025, Mexico's diesel prices exhibited further variability. During this period, the average price settled at MXN 20.31 per liter, with a minimum of MXN 13.77 in January 2016 and a maximum of MXN 26.00 in April 2025. These values translate to approximately USD 1.13 and USD 1.34 per liter, respectively, when compared to the world average.
The dynamic nature of diesel pricing in Mexico is evident, with periods of highs and lows. The factors influencing these fluctuations are likely multifaceted, encompassing global economic trends, local market dynamics, and governmental policies. The historical data provides a snapshot of the changes over time, offering insights into the variability of diesel fuel pricing in Mexico.
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Wholesale prices
The OPIS Mexico Fuels Report is a valuable resource for businesses looking to enter the Mexican market. It offers a landed spot market index that assesses the price of Mexico-delivered diesel fuel based on daily OPIS assessments for US benchmark refined product spot markets. This report accounts for regional differences in gasoline specifications between Mexico and the US, ensuring a complete understanding of the buildup cost to supply fuel across the border.
Historical pricing data is also available through OPIS Mexico Rack Pricing. Users can export up to 90 days of historical data, including implied wholesale, posted wholesale, and retail gas station prices. The OPIS Mexico Fuel Pricing Products Brochure provides further details on their offerings.
With Mexico's recent energy sector reforms and the opening of its fuel markets to outside investment, accurate and transparent pricing information is critical for businesses. OPIS aims to address this need by providing reliable wholesale pricing data for diesel fuel in Mexico.
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Retail prices
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 price 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.
OPIS provides gasoline and diesel rack and retail pricing for Mexico's fuel market. It offers a free report on how Mexico's fuel markets are being impacted by the coronavirus. It also provides a complete historical pricing record, allowing users to export up to 90 days of history at a time.
OPIS Mexico Rack Pricing is available for free. Users receive a login ID and password to access OPIS Mexico Racks online. OPIS is the first pricing agency to calculate implied wholesale costs in the Mexican market. These are calculated in two ways: Retail Minus, which uses OPIS Retail averages adjusted for margin, freight, VAT, and IEPS taxes.
The OPIS Mexico Fuel Pricing Products Brochure outlines the various pricing options available in detail. It also provides information on the uncertainties and challenges surrounding Mexico's Public Policy for Minimum Storage of Petroleum Products (PPMSPP) and its evolution.
Mexico's first significant energy reform in over 80 years has opened its fuel markets to outside investment. As a result, many businesses are looking to enter this emerging marketplace. Accurate commodity price discovery is critical for creating fuel supply contracts, making profitable investments, and import/export decisions.
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Impact of energy reform
The price of diesel fuel in Mexico is currently MXN 25.74 per liter or USD 1.34 per liter as of May 26, 2025. The average price over the last decade has been MXN 20.31 per liter, with a minimum of MXN 13.77 in January 2016 and a maximum of MXN 26 in April 2025.
Mexico's energy reform has had a significant impact on the country's energy production and the broader macroeconomic landscape. The reform has opened up the generation market to competition, allowing private actors to compete with the Federal Electricity Commission. This has benefited self-generating companies more than the general public, as they can now produce power more efficiently and sell excess generation to the market.
The reform has also led to a decrease in the use of diesel and fuel oil for electricity generation, as natural gas is a more cost-effective and environmentally friendly alternative. While diesel and fuel oil generation are still used at the margin to meet demand, natural gas-combined cycle plants have been the primary choice for new generation capacity since the 1990s.
Mexico's energy reform is also expected to revolutionize the country's hydrocarbons sector by increasing oil and gas production. The reform eliminates the state oil company Pemex's monopoly on hydrocarbon exploration and production, allowing for more competition and investment in the sector. This has important implications for global energy markets, as North America, including Mexico, produces nearly a quarter of the world's energy.
Additionally, the impact of energy reform in Mexico extends beyond its borders. As a signatory to the US-Mexico-Canada Agreement (USMCA), Mexico's energy reform status holds significance for the entire North American market. The reform's encouragement of competition and investment in the energy sector could potentially influence the region's competitiveness in global markets.
Overall, Mexico's energy reform has had a substantial impact on the country's energy sector, promoting competition, efficiency, and the adoption of cleaner energy sources. These reforms have broader implications for the North American and global energy markets, highlighting the importance of Mexico's role in the energy landscape.
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Frequently asked questions
The price of diesel fuel in Mexico as of May 26, 2025, is MXN 25.74 per liter or USD 1.34 per liter.
The world average diesel price is USD 1.13 per liter, which makes the Mexican diesel price higher than the global average.
You can find information about diesel prices in Mexico on websites such as GlobalPetrolPrices.com and OPIS.com. These websites provide data on historical and current diesel prices in the country.
