Overview

• A presidential decree halts the zeroing of fuel-damper payments for gasoline and diesel from October 1, 2025 through May 1, 2026, regardless of domestic price thresholds.
• The same decree suspends excise tax on diesel produced by blending with aviation kerosene for the duration of the measure.
• The Energy and Finance ministries say preserving damper payouts should stabilize domestic prices, and analysts expect gradual normalization as refineries return from outages and seasonal demand eases.
• Wholesale prices showed modest moves on SPIMEX after the decree, with AI-92 gasoline up 0.02% and summer diesel up 0.67% on October 13.
• The National Automobile Union proposed retail price ceilings to the Federal Antimonopoly Service, calculated as each region’s average price for the same day in 2024 plus cumulative inflation, and the watchdog said it will review the request.