Background on Claudia Sheinbaum Pardo
Claudia Sheinbaum Pardo serves as the Head of Government of Mexico City, a position equivalent to Mayor. She is a prominent figure in Mexican politics, known for her work in environmental and social issues. As a close ally of President Andrés Manuel López Obrador, she plays a crucial role in shaping and communicating the federal government’s policies.
Key Points from Sheinbaum Pardo’s Statement
No Gasoline Price Increase in January 2026:
During the federal executive’s morning press conference on December 29, 2022, Sheinbaum Pardo firmly stated that there will be no increase in the price of regular gasoline in January 2026, despite adjustments to the Impuesto Especial sobre la Producción y Servicios (IEPS).
Voluntary Agreement with Gasoline Sector:
Sheinbaum Pardo emphasized that the price stability is a result of a voluntary agreement with the gasoline sector, which has allowed regular gasoline prices to remain under 24 pesos per liter in most parts of the country.
Historical Context and Analysis
- Initial High Prices: At the start of her administration, Sheinbaum Pardo noted that gasoline prices reached up to 26 or 27 pesos per liter in certain regions.
- Technical Analysis: In response, the Secretariat of Finance, Energy, Pemex, and Profeco conducted a detailed analysis of the profit margins at gas stations. The study revealed margins of nearly three pesos per liter in some cases, paving the way for negotiations with gas station owners.
- 98% Compliance: As a result, 98% of gas stations agreed not to exceed 24 pesos per liter for regular gasoline, a commitment that Sheinbaum Pardo claims is mostly upheld across the nation, except for some southeastern areas where transportation costs play a significant role.
Details of the Voluntary Agreement
Regular Review and Updates:
Sheinbaum Pardo clarified that this agreement is reviewed and updated every six months, ensuring its relevance and effectiveness. It does not involve direct subsidies or a waiver of tax revenue but rather a mutual understanding with the gasoline sector in exchange for substantial reductions in administrative procedures, without compromising civil protection and environmental regulations.
Gasoline Premium Considerations
Exclusion from Voluntary Agreement:
Sheinbaum Pardo specified that gasoline premium is not part of the voluntary agreement. However, she left room for potential dialogue with gasoline sector representatives.
Key Questions and Answers
- Q: Will there be a gasoline price increase in January 2026?
A: No, according to Sheinbaum Pardo, there will not be a price hike for regular gasoline in January 2026. - Q: What is the reason for the price stability?
A: The price stability is a result of a voluntary agreement with the gasoline sector. - Q: How often is this agreement reviewed?
A: The agreement is reviewed and updated every six months. - Q: Does the agreement involve direct subsidies or tax revenue waivers?
A: No, the agreement focuses on reducing administrative procedures while maintaining civil protection and environmental regulations. - Q: Is gasoline premium part of the voluntary agreement?
A: No, but there is room for potential dialogue with gasoline sector representatives.
