Mexico Gasoline Prices Show Slight Decline in Early 2026
Mexico City, January 8, 2026 – Gasoline prices in Mexico have experienced a marginal decrease over the past month, with the current average price standing at 25.68 Mexican pesos (MXN) per liter as of January 5, 2026. This represents a 0.1% drop from the previous month, according to data from GlobalPetrolPrices.com. Despite global oil price fluctuations, Mexico’s fuel costs remain relatively stable, influenced by government policies and market dynamics.
Recent Price Trends
Over the last eight weeks, gasoline prices in Mexico have hovered around 25.65 to 25.70 MXN per liter, indicating minimal volatility. A long flat line in historical graphs suggests that government interventions have historically kept prices steady. Compared to one year ago, prices have risen by 1.0%, from 25.43 MXN per liter in January 2025. In USD terms, the average price is approximately 1.30 USD per liter, based on Trading Economics data for December 2025, with expectations of a slight increase to 1.33 USD per liter by the end of the first quarter of 2026.
Key Facts and Comparisons
| Metric | Value |
|---|---|
| Current Gasoline Price (MXN per liter) | 25.68 |
| One Month Change | -0.1% |
| Three Months Change | 0.1% |
| One Year Change | 1.0% |
| Percent of World Average | 101.57% |
| Correlation with Crude Oil Prices | 0.00 |
| Correlation with Diesel Prices | 0.98 |
| Cost of 40-Liter Tank as % of Income | 6.02% |
| Gasoline Consumption as % of Income | 3.81% |
| Global Ranking (USD per liter, Dec 2025) | 13th highest among major consumers |
Economic Context and Inflation
Mexico’s gasoline prices are among the highest globally for major fuel consumers, with a tax burden of about 10.28 MXN (0.57 USD) per liter, primarily from VAT and IEPS taxes. This contributes to overall inflation, which slowed to 3.72% in early December 2025, down from 3.80% in November. Energy prices, including fuel, have shown contained inflation at 0.18% annually in December 2025, aided by a voluntary price cap of 24 MXN per liter for regular gasoline. Core inflation remains elevated at 4.33%, influenced by services and goods sectors.
Frequently Asked Questions
What is the current gasoline price in Mexico?
As of January 5, 2026, the average gasoline price is 25.68 MXN per liter, equivalent to about 1.30 USD per liter.
How do Mexico’s gasoline prices compare globally?
Mexico ranks 13th among the top 10 fuel-consuming countries, with prices higher than in the United States (0.76 USD/liter) and China (0.82 USD/liter), but lower than in the Netherlands (2.52 USD/liter).
What factors influence gasoline prices in Mexico?
Prices are affected by global oil markets, government taxes (VAT and IEPS), exchange rates, and policies like price caps. Correlation with crude oil is low (0.00), but high with diesel (0.98).
Are there regional variations in prices?
Yes, since the 2017 energy reform, prices vary by region, with 90 distinct areas moving toward a free market system. For example, in Puerto Peñasco, prices were around 25.56 MXN per liter as of January 27, 2025.
What is the outlook for gasoline prices in 2026?
Analysts expect prices to rise slightly, with forecasts of 1.33 USD per liter by the end of Q1 2026 and up to 1.51 USD per liter by 2028, driven by global trends and potential inflationary pressures.