Mexico’s Ministry of Finance (SHCP) has reduced fiscal subsidies for Magna and premium gasoline for the week of August 1 to 7, while simultaneously increasing support for diesel.
The adjustment marks a reversal from the previous week’s policy, when subsidies for both gasoline grades and diesel were raised to offset higher international crude costs.
This week’s move reflects a recalibration of fiscal support as global oil benchmarks have stabilized, allowing the government to trim expenditures on consumer fuels while maintaining support for the transport sector through diesel subsidies.
The decision underscores the government’s ongoing effort to balance fiscal discipline with price stability for consumers and businesses.
By cutting subsidies for gasoline, which is primarily used by private vehicles, the Ministry aims to reduce the fiscal burden associated with fuel consumption.
Conversely, the increase in diesel subsidies supports commercial transport and logistics, sectors that are more sensitive to fuel cost fluctuations and critical for supply chain continuity.