The Secretary of Finance announced tax incentives for gasoline for Valentine's Day. These incentives will be in effect starting Saturday, February 15, providing benefits to drivers who refuel starting this weekend. The information was published in the Official Federal Gazette.
Regarding the tax incentives, it was reported that for Magna gasoline the support percentage will be 16.9%, a slight increase compared to the previous week which was 14.5%. This translates to a payment of 5.3 pesos per liter in Special Tax on Products and Services (IEPS). On the other hand, Premium gasoline will not receive any tax incentives, maintaining the IEPS payment at 5.45 pesos per liter.
Diesel will be the most benefited fuel this week with 17.3% support, higher than the 15.4% from the previous week. The IEPS payment for diesel will be 5.8 pesos per liter. These incentives aim to ease the economic burden on drivers when refueling.
The government of Claudia Sheinbaum has expressed its intention to combat 'gasoline hikes' during its administration, even proposing the possibility of establishing a single price of 24 pesos per liter of gasoline. Currently, discussions are underway with producers and gas stations to reach agreements in this regard. These tax incentives are a measure from the Secretary of Finance to support drivers in paying taxes on fuels, being announced weekly in the Official Federal Gazette.
