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Treasury increases fiscal stimulus for Magna gasoline and lowers it for Premium

The Ministry of Finance and Public Credit (SHCP) increased for the second consecutive week the fiscal stimulus to gasoline great.

According to a decree published in the Official Gazette of the Federation (DOF), this fuel will have a stimulus of 75.66 percentwith which consumers will pay 1.3365 pesos of Special Tax on Production and Services (IEPS) for each liter of green gasoline.

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This incentive will be valid for the week of 24 to 30 Septemberaccording to the dependency headed by Rogelio Ramírez de la O.

On the side of the Premiumthe SHCP set an IEPS quota of 1.9602 pesos per liter, with a stimulus of 57.73 percent.

Meanwhile, the Diesel will receive a fiscal stimulus of 100 percent during the last week of September, with which it will remain the only fuel that has received support of this magnitude since last March 5.

Fiscal incentives are a mechanism implemented by the SHCP to avoid a rise in the gasoline pricewhich depends on the international cost of oil, exchange rate, among other factors.

The cost of these supports amounted to 292.8 billion pesos between January and August of this year, according to the Tax Administration Service (SAT).

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