The Energy Regulatory Commission (CRE) reported propane prices for January 2019 in the country. These increased substantially last year, causing much dissatisfaction. However, this metric has been showing a decrease in recent months, but is still high compared to the previous year. The Secretariat of Finance and Public Credit (SHCP) talked about distributors’ margins.
Andres Manuel Lopez Obrador (AMLO) promised to change the situation of the energy sector quickly. Representatives of Pemex talked about the self-sufficiency of fuels in the country and they showed their optimism on this issue.
Andres Manuel Lopez Obrador (AMLO) promised to reduce fuel prices in Mexico and these reported a slight drop in his first two months as president. However, they started to increase again and the president talked about this behavior.
Energy Secretary (Sener), Rocío Nahle, published a list of the fuel retailers that offer the highest and lowest gasoline prices in Mexico. Here are the details.
The Energy Regulatory Commission (CRE) approved new contract models of gasoline sales in Mexico. This decision could affect the interests of Pemex Transformación Industrial (Pemex TRI) and the NOC started a legal process against it.
Andres Manuel Lopez Obrador (AMLO), President of Mexico, plans to recover the metrics of the energy sector quickly, and the refining sector plays a key role in this process. Pemex reported its refining production in February this year, showing a recovery in this metric.
The government of Andres Manuel Lopez Obrador (AMLO) plans to build a new refinery in Dos Bocas to increase the refining production. Rocio Nahle, Secretary of Energy (Sener), spoke about this project and the Pemex role in this process.
Andres Manuel Lopez Obrador (AMLO) plans to recover the metrics of the energy sector quickly, and the Secretary of Energy (Sener) announced a plan for the refining sector with challenging goals. This strategy could create a dilemma between exporting oil and refining.
Pemex has reported several problems in its refineries, increasing its dependence on fuel imports to supply the Mexican market. There is no possible solution for the short term, despite the current government’s plans to change this situation.