IMEF warns gasoline price hikes if IEPS stimulus is removed

The Mexican Institute of Finance Executives (IMEF) Veracruz has warned that eliminating the fiscal stimulus for the Special Tax on Production and Services (IEPS) on gasoline could trigger significant inflationary pressure. Ramón Ortega Díaz, president of the IMEF Veracruz chapter, noted that the current federal stimulus acts as a financial shield, preventing fuel prices from skyrocketing when international crude oil prices rise.

If the stimulus is removed in the 2027 fiscal year to help mitigate the national deficit, gasoline prices could reach as high as 30 pesos per liter. Such an increase would likely create a domino effect, raising logistics and transportation costs, which in turn would drive up the prices of basic consumer goods.

The decision regarding the IEPS stimulus is expected to be part of the upcoming Economic Package, which is scheduled to be presented to the Chamber of Deputies on September 8. Analysts also expressed concern regarding the current fiscal deficit, noting that government spending is exceeding revenue, necessitating increased public debt.