The Mexican Association of Natural Gas Vehicles Promotes Natural Gas Vehicles Amid Increased Fuel Costs

Compared to low-octane gasoline, natural gas is about 12 pesos cheaper per liter and represents a savings of about 500 pesos per 40-liter tank.

Jordan Wiklund・Former Senior Editor

March 21, 2022

2 min to read

The Mexican Association of Natural Gas Vehicles (AMGNV) recently made a statement that given the increase in fuel prices, natural gas for vehicles (NGV) represents a safe alternative for business owners and drivers in industry and automobiles, no matter the size.

The organization explained that the conversion of vehicles to natural gas allows users to realize savings of more than 50% per liter compared to the costs of gasoline and diesel since the value of the equivalent liter of NGV is below the 11 pesos.

The AMGNV said, “The increase in the price of gasoline and diesel occurs despite the incentives to the Special Tax on Production and Services (IEPS) and the emergency plan implemented by the federal government to provide tax incentives to Income Tax (ISR) with the objective of facing the accelerated increase in the international prices of crude oil.”

In a statement, the organization said that the lesser advantage of NGV is compared to low-octane gasoline, and even so, natural gas remains below 12 pesos per liter, which represents a saving of almost 500 pesos to fill a 40-liter tank, with performance equal to that of gasoline.

Regarding supply, the AMGNV added that Mexico maintains its growth with the projection of exceeding more than 100 stations in operation by the end of 2022. There are currently 87 filling facilities operating in 18 states of the Republic and about 67 new stations are under construction or in the process of obtaining federal, state, or municipal permits.

Topics:fuel prices Mexican carriers latino operators Latin America Global Fleet

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