News

Stay up-to-date with JSG

Weaknesses in Mexico’s Oil Sector are Creating ‘Chaos’ during the Holiday Season

 

Mexico Pemex gas station fuel energy reform
A woman walks next to fuel pumps at Pemex gas station in Mexico City, Mexico, December 28. Edgard Garrido

Officials say it’s time for Mexicans to pay market prices for gasoline and longtime subsidies are not sustainable especially with the peso’s dramatic fall against the U.S. dollar. Earlier this year, the first gas stations run by companies other than Pemex began operating as part of the reform, on the theory that injecting competition will level the field for consumers. They are still far outnumbered by Pemex stations, however.

Business Insider, Dec.31, 2016

The LA Times, Jan. 3, 2017

Valley Star, Jan.4, 2017

Yahoo News, Jan.9, 2017

 

Featuring: Jorge Piñon, Director, Latin America and Caribbean Program, Jackson School of Geosciences