Mexico City /
He government of Mexico maintains without fiscal stimulus gasoline Magna for the fourth consecutive week, according to the decree published in the Official Gazette of the Federation (DOF) for the Ministry of Finance and Public Credit (SHCP).
Dependency also keeps the Special Tax on Production and Services (IEPS) of the Premium gasoline and to diesel. How much tax will you pay for each liter on this holiday weekend?
Tax stimulus for gasoline and diesel
THE DATA
What is fiscal stimulus?
They are those that are authorized through a collegiate group of agencies and/or institutions, through which individuals (individuals and legal entities) are allowed to contribute resources to an investment project and reduce the amount of their contribution from the payment of their income tax.
The percentages of the fiscal stimulus will be in force from September 28 to October 4 from 2024 and will be the following:
- The Magna gasoline remains without fiscal stimulus for the third consecutive week.
- He diesel He hasn’t had a stimulus for six consecutive weeks.
- Meanwhile, the Premium gasoline It has not had this support from the government since the second week of October 2023.
How much tax is paid per liter of gasoline and diesel?
THE DATA
What is the IEPS in Mexico?
It is the tax paid for the production and sale or import of gasoline, alcohol, beer and tobacco, among other goods, mainly. Just like VAT, it is an indirect tax, because taxpayers do not pay it directly but rather pass it on or collect it from their clients (except for imports) and the taxpayer only reports it to the SAT.
- Gasoline less than 91 octane (Magna): Drivers must continue paying 6.17 pesos tax per liter.
- Gasoline greater than or equal to 91 octane (Premium): The tax for consumers has remained at 5.21 pesos for each liter since January, without the support of the Treasury.
- For diesel: The tax to pay is 6.78 pesos per liter.
In Mexico is paid IEPS for each liter of gasoline that is acquired; However, to avoid volatility, the agency establishes a fiscal stimulus every week based on the exchange rate, international reference prices and logistics costs.
What is the price of gasoline TODAY in Mexico?
Today, Friday, September 27, the average price of Magna gasoline At the national level it is 23.94 pesos per liter, while the Premium gasoline It is sold at 25.40 pesos, which represents a slight decrease compared to last week.
Meanwhile, the diesel It is at a price of 25.52 pesos per liter, on average in Mexico.
M.R.A.
