With the drop in oil prices worldwide, fuel prices drop, and with it the time for the fiscal stimulus for gasoline to be reduced , and the Treasury can collect more public revenue.
For the week of September 3 to 9, the IEPS fee for Magna gasoline will be 0.88 pesos per liter, when in the week that is about to end the fee was 0.25 pesos. Per liter of Premium gasoline, the IEPS fee will be 1.46 pesos per liter, when last week it was 0.86 pesos per liter, reported the Ministry of Finance in the Official Gazette of the Federation (DOF).
This means that the fiscal stimulus for Magna gasoline will be 83.9% and for Premium 68.49%.
For diesel, the stimulus continues at 100%, so a fee of 6.03 pesos per liter is no longer charged, which means that it also has an additional tax incentive for importers and producers of 3.40 pesos per liter.
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.
