Business · Economy · 1 hr ago
Mexico raises gasoline tax charges while keeping diesel support
Mexico is raising fuel tax charges on gasoline for the week beginning Oct.
17.
The IEPS charge on Magna will rise to 2.71 pesos per litre, from 2.39 pesos.
The charge on Premium will increase to 1.91 pesos per litre, from 1.62 pesos.
Smaller tax discounts mean drivers receive less government support on gasoline than in the previous week.
Diesel will keep a zero IEPS charge for a sixth straight week, with a 100% discount worth 7.36 pesos per litre.
A separate support payment of 2.35 pesos brings total diesel support to 9.72 pesos per litre.
Mexico will charge higher excise tax on Magna and Premium gasoline from October 17 to 23, as their tax relief falls.
Diesel will receive a 100% tax stimulus and an additional subsidy, leaving its excise tax at zero.
The diesel’s additional subsidy is listed as 2.3533 pesos per liter by El Economista and 2.35 pesos by Expansión.
The reported total diesel support is 9.72 pesos per liter in Expansión.
The government says its fuel tax policy aims to soften the impact of international oil price increases in Mexico.
- Who
- Mexico’s Finance Ministry (SHCP) set the fuel tax stimuli.
- What
- Tax charges on Magna and Premium gasoline will rise, while diesel keeps full excise-tax relief and receives additional support.
- When
- The measures apply from October 17 to 23, 2026.
- Where
- Mexico.
- Why
- The government says the policy aims to reduce the impact of increases in international oil prices.
This story does not have two clearly opposing sides.
The previous gasoline excise-tax charges were 2.39 pesos per liter for Magna and 1.62 pesos for Premium; diesel’s additional stimulus was 1.09 pesos per liter.
Mexico published the new fuel tax stimuli for the following week.
The new tax charges and subsidies take effect: Magna at 2.71 pesos per liter, Premium at 1.91 pesos, and diesel at zero excise tax.
- Magna excise tax
- 2.71 pesos per liter
- Premium excise tax
- 1.91 pesos per liter
- Diesel excise tax
- 0 pesos per liter
- Diesel excise-tax stimulus
- 7.36 pesos per liter
- Diesel additional subsidy
- 2.3533 pesos per liter, according to El Economista
- Diesel total support
- 9.72 pesos per liter, according to Expansión
2 sources
What people are saying
The rise in oil prices comes amid growing concerns about supply restrictions