Gasoline and Diesel Subsidies in Mexico Cost Mxn$5 Billion a Week

Energia A Debate → Energía a Debate es un espacio de análisis y opinión sobre temas energéticos, en

Factuality

Ownership

The federal government spends about 5 billion pesos each week to avoid the increase in the sale price to the public of gasoline and diesel, revealed this Monday the president of the Republic, Claudia Sheinbaum Pardo. According to the federal president, the government stops receiving this amount for discounts on the Special Tax on Production and Services (IEPS) applicable to motor fuels as a measure to compensate for the increase in international…

Bloomberg Linea

Factuality

Ownership

Subsidies for gasoline and diesel in Mexico cost MXN$5 billion each week - about $280 million-, said President Claudia Sheinbaum at her press conference in Mexico City Monday.The president revealed the cost for public revenue amid criticism of price increases in dispensers, despite having activated subsidies of 31% and 81% to gasoline, and maximum price agreements with the business sector.