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March 12, 2022
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Magna, Premium and diesel with 100% tax discounts

Magna, Premium and diesel with 100% tax discounts

Additionally, a tax incentive will be given to refiners and importers, so that they can credit it against ISR or VAT for each liter sold, of 3.8 pesos for Magna gasoline; 2.7 pesos per liter for Premium and 5.2 pesos per liter for diesel.

For what the Treasury will stop collecting this week, 9.36 pesos per liter of Magna gasoline sold in the country, which is the sum of the IEPS stimulus and the additional ISR and VAT. Per liter of Premium gasoline will stop collecting 7.37 pesos, and 11.26 pesos per liter of diesel.

The price of oil and the reference price of gasoline in the United States market has increased sharply this week, following the conflict between Russia and Ukraine, in addition to statements by Biden that the United States will stop importing oil, gas and coal from Russia .

These increases have been reflected throughout the world, and the stimuli provided by the Treasury have helped to contain higher prices at service stations in Mexico above 25 pesos.

In a morning conference, President Andrés Manuel López Obrador said that in the United States the price of gasoline is twice as high as in Mexico, and that actions will continue to cushion the impacts and be self-sufficient in terms of the production and consumption of fuels in Mexico.

“There are not going to be increases in gasoline, in electricity prices, gasoline is being sold at 21 pesos per liter, this does not happen in other countries, in the United States it costs almost twice as much, because since the beginning of the government we started of rescue of the oil industry”, said the representative of the Executive.

He mentioned that they are working on six refineries, one was bought in Texas, in addition to the construction of one more in Dos Bocas.

This seeks to increase the production of crude “so that next year we are self-sufficient in gasoline and diesel, not depend on foreigners,” he said.

It should be noted that 80% of the fuels used in Mexico originate in the United States.



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