The Treasury withdrew the fiscal stimulus on Premium gasoline: how much will fuel cost from today

After a few weeks of application of the fiscal stimulus to the Premium gasoline, From this Saturday it will be left without this support, so drivers will have to pay the full special tax on production and services (IEPS).

The decision to withdraw it, after four weeks of application of the subsidy, was taken by the Ministry of Finance and Public Credit (SHCP), due to falling oil prices on international markets.

The determination was even recorded in the Official Journal of the Federation (DOF), so now consumers will pay the Full IEPS fee of 4.31 pesos per liter.

It should be remembered that in Mexico, a tax is levied on the gasoline consumed, that is to say Special tax on production and services (IEPS) Federal, which is determined by the Ministry of Finance and Public Credit, based on the exchange rate, international benchmark oil prices and logistics costs.

Thus, the relaunch of this essence, which is characterized by being the most expensive, will be in effect from March 27 to April 9.

Likewise, it has been announced that the changes for the next two weeks will be as follows:

Magna (less than 91 octane).- The stimulus will be 32.02%, lower than the 49.62% recorded last week, so now users will pay 3.47 pesos per liter.

While for him Diesel.– The stimulus that it will manage for the same period will be 7.6%, ie less than the 21.56% which had been determined during the previous period. In this case, the drivers will pay 5.19 pesos per liter.

The cost of gasoline can vary in Mexico due to various factors such as: benchmark prices, taxes and logistics.

The benchmark price is based on international oil prices, as it is generally stated in dollars, therefore the average cost of gasoline in this case will change against the dollar-peso exchange rate.

Gasoline Prices Today

The national average costs for this Saturday March 27 are:

-Average price per liter of regular gasoline: 20,156 pesos

-Average price per liter of premium gasoline: 21,725 ​​pesos

-Average price of diesel per liter: 21,458 pesos

Gasoline prices per station

To check the price of gasoline by station, you can go to the following website of the Government of Mexico.

En tanto, the Procuraduría Federal del Consumidor (Profeco) pone también un sitio a disposición del usuario, con el fin de brindar información actualizada sobre las estaciones de servicios que comercializan la gasolina y el diésel con los precios más altos y más bajos de la República Mexican.

According to Profeco, the classification “Who’s who in gasoline prices” is constructed from the prices declared to the Energy Regulatory Commission (CRE) by licensees for the sale of gasoline and diesel to the public.

To access it, you can click on the following link.

Profeco also provides users with the Liter X Liter application, available on IOS and Android.

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