Background on the Current Situation
For the ninth consecutive week, Mexico’s federal government has left fuel stimulus for gasoline and diesel unchanged. This means that drivers will continue to pay full taxes on fuel, marking the longest period without support since 2024. As of June 8, 2025, regular gasoline (Magna) is being sold at an average national price of 23.45 Mexican pesos per liter, a five-cent decrease from the previous week according to PETROIntelligence data.
International Oil Prices and U.S. Employment Data
In the same week, international oil prices increased following positive employment data release in the United States and a summary of trade talks between the U.S. and China.
- West Texas Intermediate (WTI), a benchmark U.S. crude oil, rose by 4.9%, reaching $64.58 per barrel – its first weekly gain since mid-May.
- The U.S. Department of Labor reported that the unemployment rate in the United States remained stable in May, and 139,000 jobs were created last month.
- China’s state-run news agency, Xinhua, reported that a phone call took place between Chinese President Xi Jinping and U.S. President Donald Trump on Thursday, discussing trade negotiations between the two countries.
- Following the call, President Trump stated that the conversation resulted in a “very positive conclusion” and mentioned that the U.S. was “in very good shape with China and the trade agreement.”
Mexico’s Fuel Policy and Its Impact
Every Friday, Mexico’s Secretariat of Finance publishes the upcoming week’s fuel stimulus for gasoline and diesel in the Official Gazette (DOF). The amount of stimulus depends on international oil price fluctuations.
- When oil prices rise, the government provides more stimulus and collects less IEPS (Impuesto Especial sobre Producción y Servicios, or Special Production and Services Tax).
- When oil prices fall, stimulus amounts are reduced, and more taxes are collected.
This fiscal policy aims to stabilize fuel prices in Mexico and mitigate the impact of sudden international oil price increases.
Key Questions and Answers
- What is the current situation with fuel stimulus in Mexico? The federal government has not provided fuel stimulus for gasoline and diesel for nine consecutive weeks, leading to full tax payments at the pump.
- How do international oil prices affect Mexico’s fuel policy? The Mexican government adjusts fuel stimulus based on international oil price fluctuations to stabilize domestic fuel prices.
- What recent events influenced international oil prices? Positive U.S. employment data and trade talks between the U.S. and China led to an increase in international oil prices.
- How does this policy impact Mexican drivers? When oil prices rise, drivers pay less in taxes; when prices fall, they pay more. This policy aims to stabilize fuel costs in Mexico.
