Overview

• The Treasury suspended all IEPS fuel subsidies on gasoline Magna, Premium and diesel from April 12, marking 17 uninterrupted weeks without stimulus.
• Weekly quotas published in the Diario Oficial set the IEPS charge at 6.45 MXN/L for Magna, 5.45 MXN/L for Premium and 7.09 MXN/L for diesel for August 2–8.
• PetroIntelligence data show average pump prices at 23.47 MXN/L for Magna, 25.73 MXN/L for Premium and 26.33 MXN/L for diesel as of August 1.
• SHCP calibrates weekly IEPS levels using exchange rates, international crude benchmarks and logistics costs to smooth domestic price swings.
• Full application of IEPS has bolstered revenues, with collections up 3.8% year-on-year in May and fuel taxes representing over a third of annual federal receipts.