EconomyAttention, Mexico! These are the IEPS quotas for gasoline...

Attention, Mexico! These are the IEPS quotas for gasoline for the following week

From August 27 to September 2, Magna and Premium gasoline will have a quota of the Special Tax on Production and Services ( IEPS ) of 0.25 pesos and 0.86 pesos per liter, reported the Ministry of Finance and Public Credit (SHCP) in the Official Gazette of the Federation (DOF),

The fees for the following week starting tomorrow are slightly lower than those that apply this week; 0.35 pesos and 1.1 pesos for the Magna and Premium, respectively.

Meanwhile, diesel continues with a fiscal stimulus of 100%, so it will not pay an IEPS fee, and will have an additional stimulus for importers and producers of 3.3 pesos per liter.

At the end of July, the Ministry of Finance 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.

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