By THE PULSE NEWS MEXICO STAFF Despite efforts by Mexico’s Central Bank (Banxico) last month to rein in inflation through a hike in interest rates, the average price of regular unleaded gasoline hit 24 pesos per liter on Monday, July 12, its highest cost ever, according to the country’s Energy Regulatory Commission (CRE), which is in charge of monitoring fuel
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By KELIN DILLON The construction of Mexico’s Dos Bocas refinery will take more time than expected to complete, and as such, will require an increased budget to help finish the project, said the Petróleos Mexicanos (Pemex) Board of Directors. The refinery is now set to cost the nation up to $12.4 billion, over $3.5 billion more than estimated last year.
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By THE PULSE NEWS MEXICO STAFF Petróleos Mexicanos (Pemex), Mexico’s state-owned oil company, had the lowest recorded gasoline production on record in its existence in 2020, according to government figures. Gasoline production reached an average of 185,600 barrels per day, down 8 percent from the previous year. However, internal sales of Pemex gas managed to increase by 4 percent, reaching
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By THE PULSE NEWS MEXICO STAFF Two months after the start of his nationwide program to curb fuel theft, Mexican President Andrés Manuel López Obrador (AMLO) said on Thursday, Feb. 21, that the amount of stolen gasoline has dropped from 56,000 barrels a day to just 8,000 a day. “We experienced some difficult moments and about a week of fuel
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