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 has been showing a decrease in recent months, but these are still high compared to previous year.
Enrique Peña Nieto (EPN), former president of Mexico, liberalized the gasoline market, with the promise of a reduction of prices. However, the opposite happened, causing social unrest. In addition, the Mexican Energy Council (Comener) gave its perspectives on the behavior of prices for the coming months.
The constant competition between Mexican and American gas stations has caused economic losses of up to 30% for Mexican gas stations on the border in Tamaulipas. The development of these and more stories in our periodic Retail summary.
Pemex is facing a difficult operational and financial situation in all its business areas, but refining has been one of the most affected. The National Refinery System (SNR) is working at very low efficiency rates.
Andres Manuel Lopez Obrador (AMLO) plans to build a new refinery in Mexico in the next three years, and this will have implications for Pemex. Arturo Herrera, AMLO’s undersecretary of finance, spoke about the implications of this project for the NOC.