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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.
Featured content
Thu, 04/11/2024 - 10:12
Global geopolitical issues are transforming the steel market; Mexico could take advantage of these opportunities, says TUVANSA’s Marcos Ávalos.
https://mexicobusiness.news/tag/tax-subsidies
More Oil & Gas
By Perla Velasco - Thu, 02/16/2023 - 18:00
SHCP has used up its IEPS subsidy reserves to contain rising fuel costs amid pressure from high interest rates.
By Perla Velasco - Thu, 01/12/2023 - 08:36
While PEMEX carried its own debt last year, its financial achievements appear futile in light of the financial support provided by the government
By Perla Velasco - Tue, 01/10/2023 - 13:48
According to the Mexican Oil Fund (FMP), PEMEX’s contribution to its shared utility right (DUC) fell by 34 percent in December 2022.
By Perla Velasco - Tue, 12/27/2022 - 13:23
Despite higher demand and sales, PEMEX reported less revenue than in the previous month.
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.
By Perla Velasco - Wed, 11/16/2022 - 10:17
Locals reported another oil spill in Salina Cruz. Constant spills have undermined the local economy, an issue the government set out to resolve.
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.
By Perla Velasco - Mon, 11/07/2022 - 12:17
The Board agreed that Mexico is well-positioned to face global challenges, despite the recommendation on its fuel subsidies strategy.
By Perla Velasco - Wed, 10/26/2022 - 16:52
The Ministry of Finance announced a modification in the formula to calculate tax subsidies for gasoline and other fuels.
