The federal government cut the fiscal stimulus to the Magna and diesel gasolineso it will charge more taxes as of this week, this as fuel prices have stabilized in recent days since the historical maximums that came to reach during January.
This Friday, January 31, 2025, regular or magna gasoline was sold at an average price nationally 24.27 pesosa reduction of 6 cents or 0.24% compared to last week.
The trial stimuli cut occurs after oil prices fell more than 1% in the week, because the president of the United States Donald Trump threatened to impose 25% tariffs on oil and gas imports from Mexico and Canada.
How are stimuli to gasoline?
The Ministry of Finance and Public Credit reported in the Official Gazette of the Federation that the tax stimulus amounts From February 1 to 7 will be the following:
- Magna or regular gasoline: will receive a stimulus of 85 cents per liter, a reduction of 32% or 40 cents compared to last week. It is the second consecutive week in which support is reduced.
- Premium or red gasoline: will not receive any support, as has been since mid -October 2023.
- Diesel: It will have a fiscal stimulus of 1.19 pesos per liter, a cut of 43% or 88 cents compared to the support granted last week.
How much will be paid for taxes?
In this way, the fees of Special Tax on Production and Services (IEPS) that motorists will pay this week will be:
- Magna or regular gasoline: 5.61 pesos per liter of IEPS, an increase of 40 cents compared to last week, when 5.21 pesos per liter were paid.
- Premium or red gasoline: the complete IEPS fee, which is 5.45 pesos per liter of IEPS
- Diesel: 5.91 pesos per liter of IEPS, this is 88 cents more than last week, when 5.03 pesos were paid per liter.
Gasoline and diesel prices
According to the platform Petrointelligencewhich monitors the prices of gasoline and diesel at the country’s service stations, fuel prices this January 31 were the following:
- Magna or regular gasoline: 24.27 pesos per liter, an increase of 24 cents or 1% in 2025.
- Premium or red gasoline: 25.72 pesos per liter, an increase of 35 cents or 1.38% in 2025.
- Diesel: 26.14 pesos per liter, an increase of 42 cents or 1.63% in 2025.
What are fiscal stimuli?
In Mexico, every Friday the Ministry of Finance public in the DOF the fiscal stimuli that will grant gasoline and diesel the following week. Normally, the amount of stimuli depends on the behavior of international oil prices.
When oil rises, the government gives more stimulus and charges less IEPS; When oil lows, stimuli are reduced and more imposed is charged.
This fiscal policy seeks to stabilize fuel prices in our country and cushion the impact that a sudden increase in international oil prices could have in Mexico.
In the week, the price of American crude oil West Texas Intermediate (WTI) fell 1.06%, to $ 73,81 per barrel, this after the president of the United States Donald Trump threatened to impose 25% tariffs on oil imports and Gas from Mexico and Canada.
Markets fear that these tariffs increase fuel prices in the United States, which would affect economic growth globally and reduce the demand for energy worldwide.
However, this Friday, President Trump said that tariffs on oil and gas imports could be only 10%, which caused oil prices to shoot after the closure of the markets.
