New adjustment in gasoline prices: no subsidy for diesel and Premium, slight discount for Magna. Economic impact on summer vacations.

At the start of the summer vacation in Mexico, the Ministry of Finance and Public Credit (SHCP) has announced that starting from the week of July 20 to 26, diesel and Premium gasoline will no longer have a subsidy in the quota for the Special Tax on Production and Services (IEPS). Meanwhile, Magna gasoline will enjoy a small discount of 4.23%. For Mexican motorists, this news signifies a new adjustment in fuel prices that will directly impact their economy, especially during a high traffic season like summer vacation. Starting tomorrow, drivers of diesel vehicles will have to face an IEPS quota of 6.78 pesos per liter, while for Premium gasoline, this figure will be 5.21 pesos. Premium gasoline, which has been without subsidy for most of the year, will be affected by this measure, which could have an impact on the pockets of consumers who use this higher octane fuel. On the other hand, Magna will receive a fiscal stimulus of 4.23%, resulting in a discount in the IEPS quota of 0.26 pesos, leaving the price of Magna at 5.91 pesos per liter of IEPS. Fuel subsidies aim to cushion the effects of price escalation when oil prices rise, mainly in the United States, Mexico's main fuel provider. During price stability periods, the Ministry of Finance collects IEPS quotas with small discounts or without them, contributing to tax revenue collection for the country. It is important to note that these changes in IEPS quotas are published weekly in the Official Gazette of the Federation and vary depending on the oil market situation. This measure directly impacts the final cost of gasoline for consumers, who must be attentive to these adjustments to plan their budget appropriately. Regarding gasoline prices in Mexico, according to the agency PETROIntelligence, on Friday, July 19, average values were reported at 23.89 pesos per liter for Magna gasoline, 25.49 pesos for Premium gasoline, and 25.56 pesos for diesel. These prices continue to be an important factor to consider for motorists, especially in an economic context where every peso counts. With this new modification in fuel subsidies, Mexican consumers must be alert to changes in gasoline prices and adjust their expenses accordingly. Transparency and communication from authorities regarding these measures are essential for the population to understand and anticipate possible impacts on their daily economy during this holiday period.