Mexico Caps Gasoline Prices at MX$24

The federal government and fuel station operators reached an agreement to set a maximum price of MX$24 (US$1.18) for Magna gasoline. In other news, the government is targeting fuel theft with regulatory reforms to improve oversight and mandate traceability across the supply chain. 

Ready for more? This is your Weekly RoundUp! 

Mexico Reaches Gasoline Price Cap Pact

President Claudia Sheinbaum confirmed that a historic agreement has been reached with fuel station operators to voluntarily set a maximum price of MX$24/L for Magna gasoline. Coordinated by SENER, the fuel sector signed the agreement at the end of February.

Decarbonization Advances in 2025 Despite US ESG Setbacks

Ian de La Garza, CEO, Finsolar, notes that decarbonization will remain on track in 2025, driven by economic, regulatory, technological, and corporate factors. Despite political resistance in some regions, global momentum towards cleaner energy, including Mexico’s growing role, continues to gain strength.

SMEs Require Smarter Resource Management Solutions: NXT Group

Diego Arriola, Founding Board Member, NXT Group, says that SMEs must adopt smarter resource management solutions to tackle the complexities of Mexico's energy landscape, as energy is one of the major costs of companies across various sectors. He emphasizes how regulatory changes, the need for transparent energy traceability, and advancements in energy storage are reshaping the sector.

PEMEX Streamlines Operations to Combat Fuel Theft

The government seeks to combat fuel theft by streamlining oversight and introducing mandatory traceability across the supply chain through regulatory reforms. President Sheinbaum highlighted the role of secondary laws in ensuring accountability in fuel imports, distribution, and sales.