INTIEAMexico · 2022 Package against inflation & famine - Transport fuel and power subsidiesPolicyIn force

2022 Package against inflation & famine - Transport fuel and power subsidies

In an effort to shield domestic consumers from the effect of the global energy crisis, the Mexican government reduced the rate of the Special Tax on Production and Services paid by gasoline sellers and importers from January 2022. The rate reduction, which reached 100% of the…

Last changed 3 years ago.

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EffectiveJan 01, 2022
Last changeMay 09, 2023

Country / jurisdiction: Mexico · Year: 2022 · Status: In force · Level: National · Type: Voluntary

In an effort to shield domestic consumers from the effect of the global energy crisis, the Mexican government reduced the rate of the Special Tax on Production and Services paid by gasoline sellers and importers from January 2022. The rate reduction, which reached 100% of the tax from March for diesel and gasoline, is implemented through a dedicated subsidy.

This support measure was confirmed and extended within the framework of the Package Against Inflation and Famine (PACIS) from May 2022 onwards.

In addition, the government also subsidises electricity rates through a dedicated financial transfer to the Federal Electricity Commission (CFE).

Official source: https://www.gob.mx/shcp/pacic?tab=Inicio

Source

https://www.iea.org/policies/16569

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