Petrol and Diesel Fuel Prices in Mexico

Most of the oil production comes from the Gulf of Mexico making Mexico one of the worlds largest oil producers. Self sufficiency is the aim of Mexico, and they are planning to end exportation of oil in 2023. During the Ukraine Russia war the US imports of fuel increased dramatically replacing the barrels which the US would previously have purchased from Russia.

Gas prices tend to be a few dollars cheaper in Mexico than nearby California, so Californians often make the short drive south to fill up their fuel tanks. Due to the war in Ukraine world oil prices increased but the Mexican administration has provided subsidies to Mexican oil companies to help the Mexican population by keeping the fuel prices down.