Meanwhile, Premium gasoline will not have a stimulus, so its fee will be 5.21 pesos per liter. Likewise, diesel will not enjoy discounts, so its fee will be 6.78 pesos, he explained.
What are gasoline subsidies?
The objective of granting discounts to quotas IEPS is to amortize the price escalation when the prices of oil and its derivatives increase in the United States, Mexico’s main fuel supplier.
When prices remain stable or do not have large increases, the Treasury charges IEPS fees completely or with small discounts, which helps collect tax revenue.
These fees change every week and are published in the Official Gazette of the Federation, they have a limit amount that is published in December of each year, and apply to the following year; For example, at the end of 2023 the applicable quotas for all of 2024 were published.
How much does gasoline cost in Mexico?
On Friday, November 8, the average price of Magna gasoline in Mexico reported 23.92 pesos per liter, that of Premium gasoline 25.30 pesos, and that of diesel 25.56 pesos, according to the PETROIntelligence agency.
