At the end of July, the secretariat of Tax authorities began to reduce the stimuli for Premium and Magna gasoline in view of the fact that their reference prices began to fall worldwide.
When the price of gasoline rises worldwide, the government provides a fiscal stimulus by ceasing to charge or reducing the IEPS fee, and which is charged in the final price to the consumer, thus cushioning the impact of increases in fuel. When the price of gasoline falls, the Ministry of Finance has a margin to reduce the stimulus and collect IEPS.
