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...
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