Starting January 1, 2026, gasoline and diesel prices in Mexico will increase due to the annual update of the Special Tax on Production and Services (IEPS), as announced by the Secretariat of Finance and Public Credit (SHCP). This adjustment is based on the National Consumer Price Index (INPC) for November 2025, which stood at 142.645 points.
The SHCP published the new IEPS rates for automotive fuels in the Official Gazette of the Federation (DOF), effective from the first day of 2026. These rates are adjusted annually under the IEPS Law, taking into account inflation as measured by the INPC.
The updated rates are: 6.7001 pesos per liter for Magna gasoline (under 91 octanes), 5.6579 pesos per liter for Premium (91 octanes or higher), and 7.3634 pesos per liter for diesel. This increase will directly add to the final price at service stations, impacting drivers and transporters amid early-year economic pressures.
Beyond fuels, the IEPS Law reform will affect other daily consumer goods. For instance, the tax on sugary drinks will rise from 1.6451 to 3.0818 pesos per liter, a roughly 90% hike, potentially pushing the price of a two-liter soda to around 42 pesos. Tobacco's IEPS will go from 160% to 200%, possibly taking packs like Marlboro over 100 pesos. Video games with violence will face an additional 8% on their price, raising a title like Call of Duty from 1,700 to 1,836 pesos. Oral serums not meeting WHO standards will incur 3.08 pesos per liter, and digital betting platforms will see their tax rate jump from 30% to 50%.
These changes aim to boost fiscal revenue but pose challenges for Mexican consumers' budgets in 2026.
