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.
After the election of Donald Trump as president of the United States, uncertainty and fear has taken over Mexico.
The Mexican firm has had to adapt to the new environment of low oil price. This process has not been easy for the company; it has faced large budget cuts. Due to the cuts, the company could not meet the goal to achieve a 98% of gas use. Pemex hopes to achieve it in coming years.
According to statistics from the Corporation for Strategic Reserves of Petroleum Products (Cores), Mexico produced 6.576 kilotonnes (kt) of oil for Spain in 2016.
Mexico’s oil production represents only a third of its actual potential. With the new explorations that are taking place in Campeche, this state will occupy an important place in the oil industry.
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