The Ministry of Finance and Public Credit (SHCP) will adjust the tax incentives for fuels starting next Saturday, March 1. The Magna gasoline will see its tax incentive reduced by half, from 14.04 to 7.15 percent, which implies a payment of 5.9 pesos for the Special Tax on Products and Services (IEPS). On the other hand, the Premium gasoline continues to receive no tax support since October 2023, meaning a payment of 5.45 pesos of IEPS.
Regarding diesel, it will also experience a decrease in its tax incentive, from 14.18 to 9.69 percent, resulting in a payment of 6.40 pesos per IEPS. Concerning the agreement to establish a 'ceiling' price for gasoline at 24 pesos per liter, a signing has taken place between gas station owners and the Government to avoid sharp price increases, although this measure will not apply in the northern and southern regions of the country.
The aim of setting this maximum price is to coordinate efforts between the Mexican Government and the private sector, ensuring fair prices. Additionally, the operation 'Don't fill here' will be maintained by the Federal Consumer Protection Agency (Profeco) to point out gas stations that unjustifiably raise prices.
The SHCP will continue to publish weekly in the Official Journal of the Federation (DOF) the amount of tax incentives for drivers, in order to keep the population informed about the support they will receive when purchasing fuel. This adjustment takes place in the context of the recent agreement signed by President Claudia Sheinbaum to standardize the price of gasoline at 24 pesos per liter, a measure that will come into effect from the first week of March.
