Monday, March 20, 2023

Extend subsidy for gasoline in Mexico: This week the Treasury will pay more than IEPS to save you a few pesos per liter

for the week of 28 January to 3 FebruaryPercentage of Subsidy for Special Tax on Production and Service (to the IEP), applicable to petrol and diesel, went up, so during those days will be paid less per liter of fuel.

Subsidy already announced in the Official Gazette of the Union (DoF) continued to increase 74.25% for Magna GasolinePercentage over 64.83% applicable during the week of Jan 21 to Jan 27.

With that percentage, they would be paid for each liter of Magna gasoline purchased. 1.52 pesos As share IEPS for fuel.

For its part, premium gasoline received an increase of 57.28% for fiscal support; Last week it stood at 47.11%. they will pay with 2.13 paise per liter of IEPS.

For diesel, it remains the fuel maintaining the biggest fiscal stimulus, as it is almost 100%, remaining at the same time 99.92%, Whereas last week it was 89.45%. with this you will only pay 0.0055 cents per liter of the IEPS of this fuel.

Since the beginning of the year, the Ministry of Finance has updated this tax benefit, increasing it during the last two weeks. remember during 2022 There were periods when the rebate percentage was 100% on both Magna and premium gasoline.

Nation World News Desk
Nation World News Desk
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