The Ministry of Finance reported this Friday that for the third consecutive week it continues with the reduction of the subsidy for magna and premium gasoline ; and will only maintain the 100% stimulus for diesel.
For the week of August 20 to 26, the subsidy for magna gasoline will be 93.47%, and for premium 76.06%, according to what was published in the Official Gazette of the Federation (DOF).
In this way, consumers will pay 0.35 cents per liter of magna gasoline and 1.11 pesos per liter of premium.
For the week ending this Friday, the agency in charge of public finances charged 32 cents per liter of magna gasoline (a subsidy of 94.12%) and 1.28 pesos per liter of premium (a subsidy of 72.34%).
The Treasury also published in the DOF that there will be no additional incentives for magna and premium gasoline, for diesel it will be 1.79 pesos per liter.
In order to maintain the price of fuel, and thus avoid a further rise in inflation, the federal government began with 100% subsidies for the payment of IEPS for gasoline and diesel six months ago.
On August 9, the undersecretary of the Treasury, , stated that the subsidies will decrease as the price of oil decreases.
