Hit the pocket! Gasoline runs out of fiscal stimuli this week

In the most recent update published in the Official Gazette of the Federation (DOF), the Mexican government announced changes in fiscal stimuli applied to fuelsthus affecting the prices for the period from April 27 to May 3, a period in which there will be no discounts.

This decision directly impacts consumers. The Magna, diesel and premium gasoline will experience adjustments in their priceswhere the magna will be sold to 23.6 pesos per literhe diesel at 24.6 pesos, and the premium will reach 25.6 pesos per liter.

In a significative way, The fiscal stimulus for magna gasoline has been reduced to only 0.70 pesos per literwhile diesel will not receive any fiscal stimulus and the premium will remain unchanged at zero.

IEPS and tax incentives:

He Special Tax on Production and Services (IEPS) It is a tax applied to the sale and import of various products, including fuels.

The government adjusts this fuel tax weeklybased on factors such as the exchange rate of the Mexican peso, international references and logistics costs.

These fiscal stimuli seek cushion international price fluctuations and its impact on local costs, offering partial relief to consumers.

Regulatory context

According to what was published in the Official Gazette of the Federation (DOF)the Ministry of Finance and Public Credit, based these changes on a series of previous articles and decrees that establish the fiscal stimulus policy for fuelsparticularly in the fishing and agricultural sectors.

According to the latest agreements, the fiscal stimuli for May 2024 will be 0% for both diesel used in the fishing and agricultural sectors and for gasoline less than 91 octane.

These adjustments in fiscal stimuli and increased fuel prices They occur at a time of energy transformation in Mexico, where demand for imports remains high despite efforts to increase national production with projects such as the Dos Bocas refinery.

The need to import fuels, especially diesel and jet gasolinecontinues to be a challenge in the country.

Journalist with more than 15 years of experience in print and digital publications. I am currently editor of Debate.com.mx. I have a degree in Communication Sciences. I have covered diverse information sources, especially from the business areas. I usually write about personal finances, retirement, pensions, employment, money, currencies, credit, entrepreneurship, insurance, technology, science and scientific studies in areas such as health. I like social networks, reading about marketing, SEO and literature, especially topics of politics and history. In 2018 I had to start mibolsillo.com and since then I have ventured into digital journalism.

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