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| | {{Fuel Price Factsheet | | {{Fuel Price Factsheet |
| | |Fuel Price Country=Mexico | | |Fuel Price Country=Mexico |
| | + | |Fuel Pricing Policies="Price increases of petroleum products are decoupled from world price movements and smoothed by adjusting the special tax on production and service. For gasoline and diesel, this tax was negative for three years until May 2009, when it became positive gasoline, and has been negative since Jun 2009 for gasoline and since Jul 2009 for diesel. Regular gasoline and diesel prices were raised at a nominal annual rate of 10% in 2010, 2011, and 2012. In 2008 and 2009, the price of regular gasoline grew even more slowly, but the price of diesel rose by 21% in 2008 and 16% in 2009. Ministry of Energy posts detailed price information on petroleum products. For LPG, Ministry of Energy regulates transport and distribution tariffs, and Ministry of Economy gazettes maximum consumer prices in 145 distribution zones every month. When the benchmark prices in Belvieu, Texas, United States, are high, LPG prices in Mexico have been kept below import-parity levels, despite Mexico’s being a large net importer of LPG. The annual implicit subsidy in 2011 for LPG alone amounted to MXN40 billion (US$3.2 billion). Under Mexico’s climate law, passed in Apr 2012 and only the second in the world after UK’s Climate Change Act of 2008, government will formulate rules to phase out fossil fuel subsidies." |
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| | + | (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) |
| | |Fuel Currency=MXN | | |Fuel Currency=MXN |
| | |Fuel Price Exchange Rate=12.483 | | |Fuel Price Exchange Rate=12.483 |
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| | |Fuel Price Composition 2=GIZ_IFP2012_Mexico2.png | | |Fuel Price Composition 2=GIZ_IFP2012_Mexico2.png |
| | |Fuel Price Composition Annotation 2=Tax info: http://www.economywatch.com/business-and-economy/mexico.html | | |Fuel Price Composition Annotation 2=Tax info: http://www.economywatch.com/business-and-economy/mexico.html |
| − | |Fuel Pricing Policies=Price difference between northern border > rest of country
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| − | '''Agencies:'''
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| − | “Federal Government: Determines the reference prices on the international market (oil,
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| − | refined products) Prices (spot and contract) Quality adjustments (sulphur content).
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| − | Price Committee Energy-Secretariat (Sener): The Secretariat is developing new methods of control against the illegal fuel market and payments of unregulated businesses
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| − | Mexican Petroleum Company (PEMEX): Publishes the variations in average full prices for oil products.
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| − | National Institute of Statistics, Geography and Informatics (INEGI): At regular intervals, INEGI publishes average annual prices for fuels on its web page. It also conducts monthly surveys on wholesale fuel prices.”
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| − | Source and further information:
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| − | http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf
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| | |Fuel Matrix Pricing Mechanism=2 | | |Fuel Matrix Pricing Mechanism=2 |
| | |Fuel Matrix Price Level=2 | | |Fuel Matrix Price Level=2 |
Revision as of 08:58, 20 February 2013
Part of: GIZ International Fuel Price database
Also see: Mexico Energy Situation
Fuel Pricing Policies
| Local Currency:
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MXN
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| Exchange Rate:
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12.483
(2010/11/17)
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| Last Update:
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"Price increases of petroleum products are decoupled from world price movements and smoothed by adjusting the special tax on production and service. For gasoline and diesel, this tax was negative for three years until May 2009, when it became positive gasoline, and has been negative since Jun 2009 for gasoline and since Jul 2009 for diesel. Regular gasoline and diesel prices were raised at a nominal annual rate of 10% in 2010, 2011, and 2012. In 2008 and 2009, the price of regular gasoline grew even more slowly, but the price of diesel rose by 21% in 2008 and 16% in 2009. Ministry of Energy posts detailed price information on petroleum products. For LPG, Ministry of Energy regulates transport and distribution tariffs, and Ministry of Economy gazettes maximum consumer prices in 145 distribution zones every month. When the benchmark prices in Belvieu, Texas, United States, are high, LPG prices in Mexico have been kept below import-parity levels, despite Mexico’s being a large net importer of LPG. The annual implicit subsidy in 2011 for LPG alone amounted to MXN40 billion (US$3.2 billion). Under Mexico’s climate law, passed in Apr 2012 and only the second in the world after UK’s Climate Change Act of 2008, government will formulate rules to phase out fossil fuel subsidies."
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
Fuel Prices and Trends
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Gasoline 95 Octane |
Diesel |
| in USD* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition for one litre of Gasoline 95 Octane as of 2010/11/01.
No further information available.
Tax info: http://www.economywatch.com/business-and-economy/mexico.html
At a Glance
| Regulation-Price-Matrix
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Transparency of
Price Composition
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Transparency of Pricing
Mechanism / Monitoring
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Sources to the Public
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
This is a living document. If you have any comments or suggestions, please feel free to contact us:
Armin.Wagner@giz.de
