Business · Energy & Commodities · 1 hr ago
Mexico raises gasoline tax charges as diesel support nears 10 pesos per litre
Mexico’s Finance Ministry announced new fuel tax rates for Oct.
24 to 30.
The tax discount on Magna gasoline will be 3.24 pesos per litre, or 48.3% of the tax.
Premium gasoline will carry a tax charge of 2.78 pesos per litre, up from 1.91 pesos in the week ending Oct.
23.
The ministry will provide diesel with nearly 10 pesos per litre in tax support, including a full waiver of its 7.36-peso tax and an additional 2.63-peso subsidy.
These supports are intended to cushion increases in diesel prices at service stations.
The announced rates and supports apply for the stated week; no later changes are specified.
Mexico will cut tax relief for Magna and Premium gasoline while keeping diesel’s IEPS charge at zero for the week of October 24-30, 2026.
Diesel will receive a total of 9.99 pesos per litre in tax support, including a complementary subsidy of 2.63 pesos.
Drivers will pay IEPS charges of 3.46 pesos per litre for Magna and 2.78 pesos for Premium.
The changes come as international oil prices rose amid fears of escalating tensions involving the United States and Iran.
- Who
- Mexico’s Secretariat of Finance and Public Credit (SHCP) set the fuel tax incentives.
- What
- It reduced support for Magna and Premium gasoline while maintaining a zero IEPS charge for diesel. Diesel’s two subsidies total 9.99 pesos per litre.
- When
- The new rates apply from October 24 to 30, 2026.
- Where
- Mexico.
- Why
- The articles link the changes to rising international oil prices and the aim of cushioning diesel price increases at service stations.
This story does not have two clearly opposing sides.
Mexico’s fuel tax incentives for the following week were reported, as oil prices rose amid concerns about tensions involving the United States and Iran.
The reduced gasoline incentives and diesel support rates take effect.
- Diesel total support
- 9.99 pesos per litre
- Diesel IEPS charge
- 0 pesos per litre
- Magna IEPS charge
- 3.46 pesos per litre
- Premium IEPS charge
- 2.78 pesos per litre
- Diesel complementary subsidy
- 2.63 pesos per litre
- Rate period
- October 24-30, 2026
2 sources
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