Treasury revives the 100% subsidy for Magna and Premium gasoline

It was in the last days of July, when the SHCP began to reduce the stimulus for the IEPS quotas, in view of the drop in the price of oil, and therefore of fuel prices.

Diesel is the only fuel that has enjoyed the 100% subsidy throughout the year, according to Expansion monitoring. The federal government has emphasized that without these supports, general inflation would be above 10%.

Just last week, the tax incentive or discount for Magna was 92.44% and for Premium 76.99%, that is, fees were charged for 0.41 pesos and 1.06 pesos, respectively, per liter. And there were no additional incentives for importers and refiners.

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.