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Profeco recognizes gas station owners for respecting diesel price agreement; 84% compliance reported
๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico /Energy & Infrastructure

Profeco recognizes gas station owners for respecting diesel price agreement; 84% compliance reported

From El Universal · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • 84% of Mexico's gas stations are complying with an agreement to keep diesel prices below 27 pesos per liter.
  • Profeco is monitoring prices and aims to keep the average diesel price around 27.05 pesos.
  • The government also reported positive results for the basic food basket price goal.

The Federal Consumer Prosecutor's Office (Profeco) announced that 84% of the country's gas stations are adhering to an agreement to maintain diesel prices below 27 pesos per liter. Profeco head Ivรกn Escalante reported this compliance during a press conference on Monday, noting that approximately 8,600 stations are meeting the price cap.

Escalante stated that the average diesel price is currently 27 pesos and five centavos, very close to the target of staying under 27 pesos. Profeco is utilizing a system to track the prices at various stations, ensuring adherence to the agreement.

We have the goal of being under 27, right now we have the average price at 27 pesos with five centavos.

โ€” Ivรกn EscalanteReporting on the current average diesel price in Mexico.

In addition to diesel prices, Escalante also provided an update on the price of the basic food basket, which comprises 24 essential products. He indicated that the goal for this basket is 910 pesos for families and reported "very good results" in achieving this objective. As an example, the price of whole chicken per kilogram was cited at 39.66 pesos.

We are doing very well, we have very good results.

โ€” Ivรกn EscalanteCommenting on the progress made towards the price goal for the basic food basket.
DistantNews Editorial

Originally published by El Universal in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.