Business · Energy & Commodities · 1 day ago
Mexico increases fuel tax relief for Magna and Premium gasoline
Mexico’s Finance Ministry has set fuel tax relief for October 10–16, 2026.
Diesel will keep 100% relief on its special production and services tax, so buyers pay no tax per litre.
Relief for Magna gasoline rises to 4.31 pesos per litre, while relief for Premium rises to 4.03 pesos.
The remaining tax is 2.39 pesos per litre for Magna and 1.62 pesos for Premium.
The changes come as oil prices fluctuate amid threats to shipping in the Persian Gulf and Strait of Hormuz, and supply disruptions linked to conflicts and a hurricane.
That matters because changes in fuel taxes affect the amount drivers pay in tax, while the wider pressures have also raised fuel prices.
The new relief rates apply for the stated week.
Mexico’s Finance Ministry will maintain a 100% tax incentive for diesel for another week and increase subsidies for Magna and Premium gasoline.
For October 10 to 16, the tax incentive is 4.31 pesos per litre for Magna and 4.03 pesos per litre for Premium.
The diesel tax incentive remains 7.36 pesos per litre, leaving drivers with no diesel excise tax to pay.
The ministry cited volatility in international oil prices amid threats to shipping in the Persian Gulf and the Strait of Hormuz.
- Who
- Mexico’s Finance Ministry (SHCP) set the fuel tax incentives.
- What
- It maintained full diesel tax relief and increased subsidies for Magna and Premium gasoline.
- When
- For October 10 to 16, 2026.
- Where
- Mexico.
- Why
- International oil prices were volatile amid threats to maritime traffic in the Persian Gulf and the Strait of Hormuz.
This story does not have two clearly opposing sides.
very satisfactory
The decree setting the fuel tax incentives was published in Mexico’s Official Gazette.
The incentives apply, including full diesel tax relief and higher gasoline subsidies.
- Magna gasoline incentive
- 4.31 pesos per litre
- Premium gasoline incentive
- 4.03 pesos per litre
- Diesel incentive
- 7.36 pesos per litre
- Diesel excise tax payable
- 0 pesos per litre
- Supplementary diesel incentive
- 1.09 pesos per litre
Sources
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