The Ministry of Finance and Public Credit (SHCP) proposed a budget of 85,634 million pesos for the Ministry of Energy (Sener) in 2027, a 69% real reduction from the 267,429 million pesos approved for 2026, according to the 2027 Economic Package delivered to the Congress of the Union on September 8, 2026.
The adjustment is explained in part by the mechanism of the contributions to Petróleos Mexicanos (Pemex). According to El Financiero, in 2026, 98.5% of Sener's budget, 263,400 million pesos, went to financially backing the state oil company. For 2027, the proposal allocates close to 81,000 million pesos to that support through the Hydrocarbon Policy Coordination program. The Ministry of Finance described the measure as a financial strengthening of the company to mitigate its dependence on the Federal Government. The figure matters for Mexican and Mexican-American families because gasoline and electricity prices, and investment in energy infrastructure, depend on this spending.
The package provides 527,121 million pesos for Pemex, 9,760 million more than in 2026 in nominal terms, though it amounts to a 1.3% real reduction. For the Federal Electricity Commission (CFE), 523,747 million pesos are proposed, an 8.5% real drop, meaning 30,800 million less. The document assumes an average price of 61.8 dollars per barrel for the Mexican blend and maintains the target of 1.8 million barrels per day. The Mexican Institute for Competitiveness (IMCO) noted in an analysis of the package, reported by Energía a Debate, that transfers to Pemex fall 69.2% and stand at 81,100 million pesos. The organization added that planned investment spending for the oil company is 255,500 million pesos, the second lowest since 2011.
The proposal now moves to the Chamber of Deputies, which holds the exclusive power to approve the Federal Expenditure Budget for fiscal year 2027. The debate will define the final amounts for Sener, Pemex and the CFE, and with them the size of federal support for the country's energy industry.
This article was written with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.