The Energy Regulatory Commission (CRE) is now reporting propane prices in the country. These increased substantially last year, causing much dissatisfaction and other economic consequences. This metric showed a decrease at the beginning of 2018, but this behavior did not last long, as prices grew at significant rates in the last months.
The government was quick to say that fuel prices would go down after the implementation of Energy Reform, when in fact, it had the opposite result. Here are the most affected states by high prices.
The Energy Regulatory Commission (CRE) reported the average prices of gasoline in Mexico during September. The upward trend continues, and this behavior may not change in coming months, affecting consumers’ pocketbooks, but some political parties are working to change this situation.
The arrival of new players to Mexico’s liberalized retail market has boosted healthy competition and Pemex is ready to show its cards to keep the competition going. The development of these and more stories in our periodic Retail summary.
Mexico is facing a difficult situation in the refining sector, creating a high dependence on imports. The country is analyzing different alternatives to solve this problem such as sending more crude to the National Refining System (SNR). The consulting firm KPMG talked about this situation and the effects of these alternatives.
Repsol (MSE: REP) celebrated its arrival in Mexico’s southeastern region and ExxonMobil (NYSE: XOM) will arrive in Nuevo Leon to expand its franchise in the country. The development of these and more stories in our periodic Retail summary.
Mexico is looking for alternatives to encourage the exploration and production of natural gas and oil to increase its reserves and production in the medium and long term. Mexican authorities proposed creating a new State-Owned Enterprise.
The future of natural gas has been one of the main topics of discussion in Mexico during the last weeks. Angel Larraga, President of the Mexican Energy Association, spoke about this fuel, its benefits and relevance for power generation in Mexico.
Sergio López, head of the Commission of Economic Competition’s (Cofece) investigative unit, spoke about the alleged irregularities that the entity detected in the retail market. The development of these and more stories in our periodic Retail summary.