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Mexico’s federal government revealed on Monday that Shell sold gasoline at a higher price than other oil companies in the country. Furthermore, the federal government revealed records of gas stations who overcharged for gasoline and diesel.
During a morning press conference, President Andrés Manuel López Obrador , in company of Energy Minister Rocío Nahle , commented that there were more than 12,500 gas stations in the country and that a price analysis has been made between April 6 and 12, according to the Energy Regulation Commission.
It was proved subsequently that Shell sold 87 octane gas at MXN$22.23 per liter, while Petro-7 sold it at MXN$18.74.
Furthermore, Shell sold 91 octane gas (premium) at MXN$21.61 per liter, while Petro-7 sold it at MXN$18.74.
According to Pemex, most private gas companies in Mexico had kept agreed price levels. However, López Obrador called on gasoline distributors to help preserve the price balance, which would allow them to uphold his government’s commitment to avoid an increase in fuel prices.
The Shell oil company assured that their fuel prices were consistent with their value offer, and that it held a competitive position in global markets, which accounted for the difference between their retail prices and profit.
Through a press release, Shell Mexico argued that, though they had registered a reduction in the Special Tax on Production and Services (IEPS) , the increase in crude oil prices had eroded the tax impact on the end price of fuel.
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