The Ministry of Finance modifies fuel subsidies: increases support for regular gasoline and reduces for diesel.

The Ministry of Finance has announced a change in fuel subsidies in Mexico, with an increase in support for Magna gasoline and a decrease for diesel. According to the publication in the Official Gazette of the Federation, for the week of June 29 to July 5, consumers of Magna gasoline will receive an 8.38% discount per liter, which translates to a subsidy of 0.5172 cents and a payment of 5.6580 pesos per liter for IEPS. On the other hand, diesel consumers will have a 5.15% discount, equivalent to 0.3498 cents per liter, resulting in a payment of 6.4367 pesos per liter. This decision marks a difference from the previous week, where the discount for Magna gasoline was 5.86% and for diesel was 6.24%. In contrast, consumers of Premium gasoline will continue to pay 100% of the IEPS, which amounts to a fixed amount of 5.2146 pesos per liter. This measure has been in effect throughout the year and will continue unchanged in the next week. It is important to remember that the federal government uses fuel subsidies to avoid inflationary pressures, given the importance of these in the country's productive chain. The Special Tax on Production and Services (IEPS) is a contribution applied to the production and sale of certain goods, including fuels. This measure aims to regulate the consumption of these products and obtain resources for public spending. The calculation of the IEPS is based on a formula that takes into account the type of fuel and its retail price. Regarding the average fuel prices in Mexico, according to information from PetroIntellibence.com, a liter of Magna gasoline is priced at 23.764 pesos, Premium at 25.337 pesos, and diesel at 25.432 pesos. These figures show a variation in fuel costs that directly impacts consumers' wallets, making changes in subsidies relevant to the country's economic landscape. It is important for consumers to be informed about these adjustments in fuel subsidies, as they directly affect the final cost paid for each liter of gasoline or diesel. The decision to increase support for Magna gasoline and reduce it for diesel reflects the government's fiscal policies and aims to balance support for different types of fuels. In summary, the change in fuel subsidies in Mexico reflects the ongoing review and adjustment of fiscal policies by the Ministry of Finance, with the aim of maintaining balance in the economy and avoiding inflationary pressures. Consumers should pay attention to these modifications as they directly impact their daily expenses and the dynamics of the fuel market in the country.