Mexico has the highest gasoline prices among the world’s top consumers

Among the 10 countries that consume the most gasoline in the world, Mexico is the one that currently pays the highest price per liter, mainly due to its fuel tax burden, according to an analysis by specialist Ramsés Pech.

In Mexico, the average price of regular gasoline is 23.37 pesos (US $1.30) per liter, meaning that Mexicans pay an average of 10.28 pesos (US $0.57) in taxes per liter — the highest tax burden among the world’s 10 largest fuel consumers.

Two taxes are levied on each liter of gasoline sold in Mexico: the Value Added Tax (VAT) and the Special Tax on Production and Services (IEPS). As of December 2025, the IEPS tax was 6.46 pesos (US $0.36) per liter of regular or Magna gasoline, plus a 16% VAT.

Meanwhile, in Brazil, the average price of regular gasoline is 20.13 pesos (US $1.12); in Japan it is 18.16 pesos (US $1.01); in India it is 17.62 pesos (US $0.98); in Canada it is 16.72 pesos (US $0.93), and in China and the United States it is 14.74 (US $0.82) and 13.66 (US $0.76) pesos, respectively.

These are national average prices for December, based on data from the data platform Trading Economics.

The country where the least taxes are paid for gasoline is Saudi Arabia, where a liter costs 11.14 pesos (US $0.62), of which only 1.67 pesos (US $0.09) are taxes. This means that in Mexico, motorists pay almost five times more taxes than in Saudi Arabia.

Some countries have decided to eliminate a provisional tax to lower the price of gasoline, Pech said. Such is the case of Japan, which decided to eliminate a provisional tax that had been in place since 1974, by about 3 pesos (US $0.17) per liter starting in 2026. He added that gas prices in the United States will remain low as a measure to control inflation, while China could reduce gasoline prices by acquiring crude oil at significant discounts, especially from Russia.

Mexico, on the other hand, increased the IEPS rates in line with inflation, further raising the tax component of the final price. 

With reports from El Economista

5 COMMENTS

Have something to say? Paid Subscribers get all access to make & read comments.
Xochimilco boats with mariachis

MND Local: Xochimilco neighborhoods go dry in September

0
Xochimilco is observing ley seca, Pope Leo XIV has declared a Jubilee Year for Mexico City, and a new boutique hotel has opened with views of the Ángel de la Independencia, writes Drew Pittock.
CUERNAVACA, MORELOS, 15SEPTIEMBRE2026.- Marcha de estudiantes que protestan por el feminicidio de Claudia Tacoronte Aguilera, estudiante española del Instituto de Ciencias de la Educación de la Universidad Autónoma del Estado de Morelos. Un grupo de jóvenes al llegar a la plaza de armas de la ciudad se dirigieron al Palacio de Gobierno donde pintaron y rompieron algunas ventanas. FOTO: MARGARITO PÉREZ RETANA/CUARTOSCURO.COM

Morelos issues arrest warrant in Spanish exchange student’s murder

0
State authorities are asking for help with the phrase "If you recognize him, report him," as their government is coming under scrutiny for a slow emergency medical reposnse to the stabbing.
corn growing

Women farmers in Oaxaca, Guerrero report catastrophic drought

0
Two farming associations called on state and federal authorities to declare a climate emergency in drought-affected areas of Oaxaca and Guerrero and establish programs aimed at guaranteeing food sovereignty and supporting female farmers.
BETA Version - Powered by Perplexity