Mexico increased the entire subsidy on diesel sales taxes this Friday, following a rise in crude oil prices due to the war between the United States and Iran, which continues to roil energy markets.
The Ministry of Finance and Public Credit increased the subsidy this Friday, officially known as the fiscal stimulus, from 90% to 100% per liter of diesel, an increase from MXN$6.6 to MXN$7.3, from September 12 to 18, 2026, according to the Official Gazette of the Federation.
Diesel is a strategic fuel for the transportation of people and goods, as well as heavy machinery, and is facing an international shortage due to the armed conflict in the Middle East.
The agency headed by Édgar Amador also significantly increased the subsidy for regular and premium gasoline in order to prevent an impact on the pockets of the Mexican population.
The fiscal aid for regular gasoline, consumed by most of the domestic vehicle fleet, will increase from 31% to 51%, approximately MXN$3.4 per liter.
The subsidy for premium fuel, used by luxury and sports cars, will increase from 24% to 45%, equivalent to MXN$2.5 per liter.
In August, Mexico renewed a “voluntary” agreement with gasoline station operators to cap the price of regular gasoline at MXN$24 per liter and diesel at less than MXN$27.
The price of crude oil surpassed US$100 million this week following new U.S. attacks on Iran, after seven months of armed conflict that has caused the closure of the strategic Strait of Hormuz, through which 20% of global oil and liquefied natural gas trade passes.
Source: bloomberglinea
