EconomyIEPS fees on gasoline rise for the second week...

IEPS fees on gasoline rise for the second week in a row

As of today, Saturday, September 10, and until Friday, September 16, the IEPS fees for gasoline will be 1.47 pesos per liter of Magna; and 2.14 pesos per liter of Premium. With this, the Treasury adds two consecutive weeks in which the percentage to be collected of the total quota established for this year rises, that is, the subsidies have decreased.

The amounts to be collected began to rise in the week of September 3 to 9, in line with the decline in crude oil prices globally, while the price per liter of Diesel remains the same and with it the IEPS tax subsidy federal, since this fuel still has 100% of the subsidy, so it is exempt from the collection of the IEPS fee.

Three weeks ago, the fee per liter of Magna was 0.25 pesos per liter, for the Premium 0.86 pesos per liter, details information from the Official Gazette of the Federation on September 9.

At the end of July, the Ministry of the Treasury began to reduce the stimuli for Premium and Magna gasoline in view of the fact that their reference prices began to fall worldwide.

Previously, since February, with the increases in oil prices worldwide, the fiscal stimulus was 100% for the three types of automotive fuels, plus additional incentives for producers and importers.

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.

Mexico will have 1.29 billion pesos of income via debt in 2023

According to Gabriel Yorio, Undersecretary of Finance, the amount is in line with the goal of maintaining debt as a percentage of GDP in a constant and stable manner.

LAST MINUTE: Income and Rights laws for 2023 are approved in Congress

Without changes to the opinions sent by the Chamber of Deputies, the senators voted in favor of the Federation Income Law and the Federal Law of Rights, budget is missing.

LAST MINUTE: The Income Law and the Law of Rights 2023 pass to the...

The Treasury and Legislative Studies commissions voted in favor of the opinions of both laws to be discussed and voted on in the upper house on Tuesday.

LAST MINUTE: Treasury rules out a 20% depreciation of the peso against the dollar...

Undersecretary Gabriel Yorio considers that the consultant's estimate is "exaggerated" and that these levels would not be reached in one or two years.

Public savings run out

The Treasury has increasing difficulties in obtaining resources and the lifeline of public finances is beginning to run out.

More