SHCP activates fiscal stimulus to maintain gasoline prices

This Friday the Ministry of Finance and Public Credit (SHCP), already shared the activation of the complementary stimulus to fuels in order to control the increase in the prices of fuels such as gasoline and diesel during the coming days, as indicated by the agency. Through a decree that was published in the Official Gazette of the Federation (DOF), the agency said that from week 12 to 18 March, fuels will receive 100 percent of the fiscal stimulus to the Special Tax on Production and Services (IEPS). As this percentage is 100 percent, consumers will receive a complementary stimulus that will help the price of gasoline not skyrocket as in recent days. You may be interested: The right to have gender identity in MexicoLikewise, the additional stimulus will be 3.8741 pesos for the liter of Magna gasoline, in addition to the 100 percent stimulus in the IEPS, while the one that will receive premium gasoline is 2.7480 pesos per liter of fuel, and in the case of Diesel it will be 5.2380 per liter. It was last week, when the authority in charge of Rogelio Ramírez de la O, activated the new direction of this stimulus and pointed out that an additional one will be applied to gasoline when the IEPS charged to them is 100 percent. The amount of this stimulus can be credited against the Income Tax (ISR) or the Value Added Tax (VAT), so to receive this aid you must declare each liter of fuel purchased before the Tax Administration Service (SAT). Likewise, the Ministry of Finance pointed out that this program is essential to face the increases in fuels at the international level, as well as the increase in the price of crude oil and the exchange rate. In a press release, Petróleos Mexicanos (Pemex), launched a call to the entire private sector and asked companies not to profit from the service and the situation, because that wreaks havoc directly on the pockets of Mexican families. “Other brands are invited to show solidarity with Mexicans and avoid unjustified profit derived from the situation that prevails in the world,” he said in a statement on Thursday, through his social networks.  You may be interested: Wage gap: Women earn less than men in Sinaloa These gasoline buyers have complained on social networks because of high fuel costs, this derived from the war between Russia and Ukraine, which increased the costs of gasoline in the world, so prices increased and the country’s government implemented fiscal stimulus to reduce the cost.  With the AMLO government everything is rising in price: Ricardo Anaya

Original source in Spanish