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Gasoline Prices in Mexico Are 24% Higher Than in the US
By Karin Dilge - Wed, 01/10/2024 - 13:21
Data from PEMEX reveals that the average price of Magna gasoline in Mexico soared to MX$22.08/L, 120.8% above the promised rate.
https://mexicobusiness.news/tag/ieps
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PEMEX Pays 8% More IEPS in 1Q23
By Karin Dilge - Tue, 05/30/2023 - 06:36
The NOC paid an 8% increase in the Special Tax on Production and Services (IEPS).
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By Anmol Motwani - Mon, 05/08/2023 - 15:41
The Mexican Treasury removed a fiscal stimulus on Premium gasoline and reduced the stimulus on Magna and diesel.
PEMEX’s Refining Strategy is Costly
By Perla Velasco - Fri, 03/03/2023 - 16:00
As the SHCP reports low income from IEPS collection, PEMEX reports losses from its refining business.
Government Depleted Special Tax Funds to Contain Fuel Price Hike
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SHCP has used up its IEPS subsidy reserves to contain rising fuel costs amid pressure from high interest rates.
Subsidies on Gasoline Continue to Decrease
By Perla Velasco - Mon, 12/19/2022 - 10:42
Toward the end of the year, oil prices gradually decreased, and subsidies have been cut gradually.
Fuel Market Shows Signs of Freer Competition
By Perla Velasco - Thu, 12/08/2022 - 10:11
While TotalEnergies abandoned the management of various gas stations, according to ONEXPO, these changes are signs of a freer market.
Fuel Subsidies Cost the Government MX$88.59 Billion
By Perla Velasco - Fri, 12/02/2022 - 16:26
This is the seventh consecutive month that the IEPS reports a negative balance. IEPS collection has amounted to a loss of MX$88.59 billion in 2022.
Gasoline Subsidies Decrease
By Perla Velasco - Fri, 11/11/2022 - 11:06
The subsidies for Magna and Premium gasoline decreased to 89.92 percent. Diesel subsidies stay at 100 percent.
2023 Economic Package Contemplates Dip in Oil Prices
By Perla Velasco - Fri, 10/21/2022 - 08:38
Deputy Minister of Finance highlighted the risk of a dip in oil prices in 2023 but ensured Mexico is shielded from its effects.