The country’s production continues to fall. Although production data for December 2016 is not available, it is clear that oil extraction will be lower than in 2015.
In recent days, the main topic in Mexico, has been the liberalization of fuel market. Mexican authorities optimistic about this process and have high expectations. It will start in January.
Some areas of Mexico are suffering from gasoline shortages, because Pemex has been unable to guarantee the supply.
Pemex has serious problems in fuel production. This keeps falling and there are no signs of a possible solution in the short term.
A new gasoline market in Mexico will start in a couple of weeks and Pemex keeps having problems in the production of gasoline. In recent years, premium gasoline production has dropped substantially.
The gasoline market will open to free competition and the government is preparing to ensure that fuel stations provide a good service. Controls and fines increased during 2016.
The Federal Government seeks to create a competitive energy market in the country and the gasoline industry will be open to free competition next year.
The price of Liquefied Petroleum Gas (LPG) will not change in Mexico City for December. In the middle of the year, Mexican authorities reduced the price of propane.
Mexico is experiencing a time of uncertainty with the results of the presidential elections in US. Some ideas of Donald Trump could affect the country, but Mexico would not be the only one affected, the US energy sector could suffer too.
After the increase in gasoline prices, several politicians have shown their disaffection towards the Energy Reform; an ‘adjustment’ to benefit Pemex — and Mexico in general — was proposed by a PRD deputy.
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