With this it will be the fourth week, first month, in which the three fuels They do not enjoy fiscal stimulus as a wholesince mostly Premium gasoline and diesel have not had discounts so far this year. While Magna’s support began to reduce, until it was brought to 0% four weeks ago.
Providing fewer incentives has allowed the SHCP to collect more income. From January to August of this year, it has collected 82% more money for IEPS on gasoline, compared to the same period last year. The amount collected by this tax was 268,878 million pesos, when last year it was 140,998 million, recently updated information from the Treasury highlights.
Why are there discounts to the IEPS?
The federal government is dedicated to granting these discounts to avoid an escalation in fuel prices when the price of oil rises and, thus, avoid a greater rise in inflation.
The lower the subsidy applied by the Ministry of Finance, the greater the government’s tax revenue collection.
Gasoline price
On Friday, September 27, the average price per liter of Magna gasoline is 23.93 pesos, that of Premium is 25.37 pesos, and the liter of diesel is 25.49 pesos, according to the PetroIntelligence site.
