The Mexican government has announced a reduction in fiscal incentives for gasoline, which translates into an increase in prices for consumers. The 'green gasoline' will have an amount of 6.2 pesos for the payment of the Special Tax on Products and Services (IEPS), while Premium gasoline will not receive any type of fiscal incentive. On the other hand, diesel will experience a reduction in the fiscal incentive, going to 3.8 percent, with an IEPS payment of 6.8 pesos.
President Claudia Sheinbaum established a 'cap' price of 24 pesos per liter for Magna gasoline, a measure that will be in effect for at least six months, aiming to prevent sharp cost increases and provide stability to drivers. The Ministry of Finance commits to maintaining the fiscal incentives and conducting regular monitoring at gas stations. The agreement includes operations by Profeco to sanction establishments that exceed the maximum set price, but excludes Premium gasoline and diesel.
Additionally, the SHCP has implemented a reduction in fiscal incentives for fuels, affecting both Magna gasoline and other types of fuel. Starting this week, Magna gasoline will receive a fiscal incentive of 3.21 percent. This variation in fiscal incentives will directly impact the final cost of gasoline for consumers, who may experience an increase in price.
