Subsidy for regular gasoline and diesel: relief for consumers facing price increases.

The Ministry of Finance and Public Credit (SHCP) recently announced that, starting from the week of June 22 to 28 of this year, both regular gasoline and diesel will have a subsidy on the payment of the Special Tax on Production and Services (IEPS). This measure aims to alleviate consumers' pockets, as it will reduce the cost per liter of these fuels. During this week, the IEPS on regular gasoline will be 5.86%, while for diesel it will be 6.24%. On the other hand, premium gasoline will not receive this stimulus, as published in the Official Gazette of the Federation (DOF). It is important to note that this is the second consecutive week in which regular gasoline receives this subsidy, while for diesel it is the first time after five weeks without it. Thanks to this subsidy, Mexican consumers will be able to purchase regular gasoline at a reduced price of 5.8131 pesos per liter instead of the usual 6.17 pesos, and diesel at 6.3629 pesos per liter instead of the full 6.78 pesos. It should be mentioned that regular gasoline, which does not have this stimulus, has an IEPS rate of 5.2146 pesos per liter. The main objective of this government measure is to prevent inflationary pressures and, at the same time, provide relief to citizens' pockets. In an economic context where the cost of fuels significantly influences the consumer price index, these types of actions can represent a relief for the family economy. It is important to highlight that the national average price per liter of regular gasoline in Mexico, according to data from PetroIntelligence, is 23.69 pesos, while premium gasoline reaches 25.268 pesos and diesel 25.332 pesos. These figures reflect the importance of having measures that cushion the impact of fuel prices on the economy of Mexican families. In this sense, the implementation of subsidies to the IEPS on regular gasoline and diesel represents a step towards protecting the purchasing power of citizens. Through this measure, the government seeks to balance the need for tax collection with the importance of maintaining an affordable cost for fuels, which have a direct impact on the daily economy of the population. Fluctuations in fuel prices are a constant concern for consumers and authorities, as they impact various sectors of the economy. Therefore, measures that seek to stabilize these costs and provide support to citizens are welcomed in a context of economic uncertainty and volatility in international markets. In conclusion, the SHCP's announcement regarding the subsidy on the IEPS for regular gasoline and diesel is positive news for Mexican consumers. This measure will help mitigate the impact of fuel prices on the family economy and allow for greater control over mobility costs in the country. It is essential to closely monitor the evolution of these measures and their effect on the economic well-being of the population.