The quota for higher octane gasoline will be 5.21 pesos per literand for diesel 6.78 pesos per liter.
What are gasoline subsidies for?
When oil and fuel prices rise globally, the Treasury provides a stimulus or subsidy to the IEPS fee charged on gasoline in Mexico, with the aim of amortize the rise in prices in the internal market. Granting subsidies represents lower IEPS collection for the public sector.
Gasoline price
On Friday, October 25, the average price per liter of Magna gasoline is 23.95 pesos, that of Premium is 25.36 pesos, and the liter of diesel is 25.53 pesos, according to the PetroIntelligence site.
