Premium gasoline consumers will pay 1.8 pesos of IEPS per liter purchased

Premium gasoline consumers will pay 1.8 pesos of IEPS per liter purchased

Until Friday, September 23, the fiscal stimulus for the Special Tax on Production and Services (IEPS) on premium gasoline will be 60.69%, which has broken two consecutive weeks down.

The Ministry of Finance and Public Credit (SHCP), responsible for Rogelio Ramirez de la O, reported in the Official Gazette of the Federation (DOF), that the government’s share of financial incentives on premium gasoline rose to 2.8147 pesos per liter sold. . , from 2.4877 pesos per liter.

In other words, consumers of premium gasoline, also known as greater than or equal to 91 octane, will pay 1.8228 pesos of IEPS per liter purchased, instead of 2.1498 pesos per liter the previous week.

Meanwhile, the Magna Gasoline fiscal stimulus rose slightly to 73.36% from 73.22% in effect as of Friday, September 16. With what has been reported by SHCP, stimulation of this hydrocarbon was discontinued for 2 weeks.

In other words, Magna gasoline consumers will pay 1.4630 pesos per liter IEPS instead of the 1.4708 pesos per liter they paid last week.

The above indicates that the federal government will implement a stimulus of 4.0287 pesos per liter instead of 4.0209 pesos per liter which will apply until Friday, September 16th. The IEPS catalytic for said hydrocarbon is 5.4917 pesos per liter for this year.

The fiscal stimulus on IEPS for diesel is still at 100%, so the government is backing the tax payment with a fee of 6.0354 pesos per liter and adding just over half a year with the entire stimulus.

According to the Department of Tax Administration (SAT), tax incentives for gasoline amounted to 292.8 billion pesos, at the end of August.

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Subsidies are a mechanism that the government applies when world oil prices, and therefore gasoline, are rising, so that consumers do not feel the impact.

The Ministry of Finance and Public Credit reports that gasoline tax incentives have prevented inflation in Mexico from reaching an annual rate of 14 percent.

During September, the National Consumer Price Index (INPC) offered an annual variation of 8.70%, according to the National Institute of Statistics and Geography (Inegi).

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