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Using a mesh strainer, rinse the rice under cool running water for 1-2 minutes, or until the water runs clear. Drain completely.
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Add rinsed rice, broth, salsa, 1 tablespoon oil, and salt to a 6-quart Instant Pot. Mix the ingredients until well combined.
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Cover the pot with a lid and close the pressure release valve.
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Set the Instant Pot to high pressure and cook for 4 minutes.
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Allow a 10-minute natural pressure release before opening the valve to release the steam.
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Drizzle in the remaining tablespoon of oil and mix it into the rice.
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Serve Mexican rice with a sprinkle of cilantro and enjoy!