The IEPS fee per liter of Premium gasoline went from 0.13 pesos to 0.89 pesos as of Saturday, November 5.
For diesel, the stimuli continue to rise, so far this year each liter of diesel sold in the country has enjoyed 100% fiscal stimulus, that is, they have not been charged IEPS.
The subsidy is granted by the Treasury, after the objective of amortizing price increases, and helping to reduce the general rate of inflation.
When the gasoline price goes up 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.
