2026 looks similar
This year looks similar, with an agreement between gas stations and the federal government to keep the price per liter of Magna gasoline below 24 pesos. This was renewed last September and is valid until February 2026, according to information from the Presidency.
From January 1 to January 9, no automotive fuel received a fiscal stimulus, but for the week of January 11 to 17, the Treasury provided a discount to the IEPS quota of 14.40% for the liter of gasoline, and 12.92% for the liter of diesel.
However, it is expected that for this year prices will remain stable, and in the medium term, if Venezuela is able to recover its production, at least in the next two years, the prices of reference crude oil are expected to drop, a situation that would help the Treasury’s collection for this tax, considered Arturo Carranza, an energy specialist.
