Mexico City /
The gasoline Cheapest Magna in Mexico It is sold this Tuesday, October 1st, Claudia Sheinbaum Pardo’s first day as president of the country, at a price of 17.33 pesos per liter at a service station located in Coahuila.
This is 6.59 pesos or 27.55 percent cheaper than the national averagewhich as of 06:00 this day was 23.92 pesos per liter, according to data from the PETROIntelligence platform.
Said gas station, with permission from the Energy Regulatory Commission (CRE) PL/3942/EXP/ES/2015, operates under the company name Servicio RÃo Escondido SA de CV and is located at kilometer 18 of Highway 57, in the municipality of Nava, according to an analysis shared by the energy consulting firm.
At this same station Premium gasoline, greater than or equal to 91 octane, reached its lowest price in the entire country, with 19.56 pesos per liter, 5.77 pesos or 22.93 percent cheaper than the national average of 25.38 per liter.
While the diesel, the fuel most used by transportersregistered a minimum of 21.18 pesos per liter at the station with CRE permit PL/8013/EXP/ES/2015 located on Avenida Congreso Sur #600, in Aguascalientes, Aguascalientes.
Why is Magna gasoline sold at this price?
The gasoline lower than 91 octane, also known as regular, It reached this minimum price because the station where it is sold is located in the border region with the United States, where the Ministry of Finance and Public Credit (SHCP) applies a special fiscal stimulus to standardize its price with that of the neighboring country.
For this week the federal agencyapplies a fiscal stimulus for the disposal of gasoline in said border region of up to 4.22 pesos per liter, in the case of fuel less than 91 octane, while for Premium the benefit is up to 3.09 pesos.
Does Sheinbaum’s inauguration affect the price of gasoline?
The transition of the Executive Branch, formalized with the delivery of the presidential sash to Sheinbaum Pardo after the conclusion of the six-year term of Andrés Manuel López Obrador, It is a political event that has no impact on fuel prices.
This, after since the end of 2017 the Gasoline and diesel prices were officially released throughout Mexico; That is to say, they stopped being stopped by the Ministry of Finance, leaving the doors open to the law of supply and demand.
From then on the gasoline prices at service stations They are set based on the international market, which means that if fuel prices go down or up in the rest of the world, in parallel, it will also do so in Mexico.
However, to prevent the fuel price inflation and volatility impacts families’ pockets, every week the Mexican government, through the SHCP, subsidizes part or all of the IEPS payment, a measure known as the fiscal stimulus policy.
What is the IEPS and who pays it?
The IEPS is the tax paid in Mexico for lproduction and sale or import of gasolinealcohols, beer and tobacco, among other goods, but like VAT, this is not paid directly by taxpayers but rather collected from their clients.
Thus, for example, in the case of gas stations, thiss they charge the IEPS to drivers for every liter of fuel they buy; For Magna or regular gasoline this year the fee corresponding to this tax is 6.17 pesos.
While for the Premium it is 5.21 pesos and, in the case of diesel, the applicable fee is 6.18 pesos for each liter.
More expensive gasoline is sold in Sinaloa
This day the most expensive Magna gasoline in the country It is sold at the station with permission from the CRE PL/19867/EXP/ES/2017 located in Isla ParaÃso #408 south, in the municipality of Navolato, Sinaloa, where it reached 27.50 pesos per liter.
While the Most expensive premium in the country It is sold at 29.49 pesos per liter at the gas station with permission from CRE PL/7919/EXP/ES/2015 located on Gabriel Leyva Avenue #319, in Mazatlán, Sinaloa.
In the case of diesel, this reached a maximum price of 29.09 pesos por liter at the station with permission from the CRE PL/971/EXP/ES/2015 located at kilometer 10 of the Dolores Hidalgo-San Diego highway, in the municipality of Dolores, Guanajuato.
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