Overview
- The Secretaría de Hacienda y Crédito Público cut the IEPS subsidies for the week of June 27–July 3, reducing support for Magna to 0.58 pesos and for diesel to 1.07 pesos per liter as published in the Diario Oficial de la Federación.
- Gasoline Premium remains without any fiscal support for multiple consecutive weeks, which means drivers of the higher‑octane fuel pay the full IEPS charge.
- National average retail prices reported on June 26 by PETROIntelligence were about 23.69 MXN/l for Magna, 28.48 MXN/l for Premium, and 27.12 MXN/l for diesel, showing only modest movement despite lower international crude.
- Reporters and officials say the smaller pass‑through of global oil declines into pump prices is explained by the IEPS mechanism, the peso exchange rate, refining and logistics costs, and Mexico’s reliance on imported fuels.
- Profeco will continue nationwide verification operations at service stations to check pumps and prices, and officials warn that repeated weekly subsidy cuts can add up and squeeze household budgets differently across states.