The Ministry of Energy and Mines (MEM) has announced a 10% reduction in the Distribution of Petroleum Tax for gasoline blended with ethanol. The tax will now be applied only to 90% of the fuel content in the mixture, rather than the full volume. Authorities state this measure is intended to lower final prices for consumers at the pump. The change specifically targets gasoline containing ethanol additives. Officials expect the tax adjustment will incentivize the use of ethanol blends. This policy aims to balance fuel costs and support the ethanol industry. The MEM believes the reduction will positively impact the affordability of gasoline for the public.
