The Secretariat of Finance and Public Credit (SHCP) continues to apply tax incentives for fuels in Mexico. For the week from February 8 to 14, the benefits will be for Magna gasoline and diesel. These incentives are not only maintained but in some cases, such as Magna gasoline, they are slightly increased. The information was published on Friday, February 7, in the Official Journal of the Federation and will take effect starting Saturday.
Regarding Magna gasoline, the amount of tax incentives has increased this week to 14.5%, compared to the previous 13.1%. The price for the payment of the Special Tax on Products and Services (IEPS) will be 5.51 pesos per liter. On the other hand, there are no signs that Magna gasoline will receive tax incentives, as none have been granted since October of last year. The cost of IEPS for this type of fuel will remain at 5.45 pesos.
In relation to diesel, this week it will also receive a small increase in tax incentives, reaching 15.41%. Despite being slightly lower than the 16.7% from last week, the price of IEPS will be 6 pesos starting Saturday, February 8.
The tax incentives are the way the Secretariat of Finance supports drivers in paying for fuels. They are used to avoid sharp increases in prices and are part of the administration's efforts to keep costs stable. Luz Elena González, Secretary of Energy, has mentioned the possibility of unifying fuel prices, although this requires an agreement with various sectors.
The Federal Consumer Protection Agency (Profeco) monitors that gas stations do not exceed average prices and recommends that drivers be vigilant about the 'Don't fill up here' operation to identify establishments that raise fuel prices.
