Regular Gas and Diesel Kick Off 2025 with a Tax Cut on IEPS

In the early days of 2025, regular gas and diesel will benefit from a discount on the special tax on production and services (IEPS), while premium gas will not receive this benefit. According to information provided by the Ministry of Finance in the Official Gazette of the Federation (DOF), this discount, which starts on January 1 and lasts until the 10th, will be 3.57% for regular gas and 0.37% for diesel.

But why are these subsidies being established? What is the cost per liter of gasoline? With these tax breaks, the price that consumers will pay for regular gas will be 6.2252 pesos per liter, while for diesel it will be 7.0687 pesos. In the case of premium gas, since no subsidy is applied to the IEPS, the cost per liter will be 5.4513 pesos. The Ministry of Finance has the ability to offer these discounts to cushion the impact of rising international oil and fuel prices. If prices remain stable, the agency collects the full tax rate, which is beneficial for revenue. According to data from Petrointelligence.com, on December 3, the national average prices were 24.103 pesos per liter for regular gas, 25.417 pesos for premium, and 25.817 pesos for diesel.

It’s interesting to see how the subsidies on the IEPS can impact consumers' wallets, especially in such a vital sector as transportation. Maintaining stability in oil prices is crucial not only for the wellbeing of families but also for the economy as a whole, since fuels are a key component in the production and distribution chain of goods and services in the country.