Tag Archives: fuel

Pemex’s Oil-Refining Operations Lose Millions of Pesos per Hour

By KELIN DILLON As Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) continues to bet big on its crude oil refining future through its controversial under-construction Dos Bocas refinery and its official acquisition of the Texan Deer Park refinery at the beginning of 2022, Pemex has seemed to have dealt itself a losing hand. According to new data, Pemex’s refining operations

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AMLO Promises Energy Self-Sufficiency for Mexico by 2023

By THE PULSE NEWS MEXICO STAFF With the government’s new Dos Bocas oil refinery slated to open in July and the expanded operations of the Paraíso refinery in Tabasco, President Andrés Manuel López Obrador (AMLO) said Tuesday, April 12, that Mexico will be self-sufficient in gasoline, diesel and turbine fuel production by the year 2023. Speaking during his quarterly State

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Mexico Suspends Gasoline Subsidies at Northern Border, Then Reinstates Them

By THE PULSE NEWS MEXICO STAFF After thousands of U.S. drivers were crossing into the country to fill up their tanks on Mexican government-subsidized gasoline, the nation’s Treasury Secretariat (Hacienda) on Saturday, April 2, announced that it will suspend gas subsidies along the northern border, effective immediately, at least through Friday, April 8. Two days later, Mexican President Andrés Manuel

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Hidalgo Huachicoleros Build Tunnels to Siphon Gas Pipelines

By KELIN DILLON In the central Mexican state of Hidalgo, gangs of huachicoleros – gas thieves and resellers – have taken their operations to another level of stealth, building secret underground tunnels to tap into and siphon gas from the area’s network of Petróleos Mexicanos (Pemex) pipelines without detection. According to soldiers stationed in the region, the huachicoleros are able

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AMLO Tepidly Condemns Ukraine War, Says He Has Plan to Prevent Fuel Hikes

By THÉRÈSE MARGOLIS After stating that Mexico is against any use of military force to resolve geopolitical disputes, President Andrés Manuel López Obrador (AMLO) on Thursday, Feb. 24, said that he “has a plan” to avoid fuel price hikes in Mexico stemming from the Russian invasion of Ukraine. “In terms of foreign policy, Mexico is going to continue promoting dialogue,

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Only 4 Percent of Nation’s Premium Gas Produced in Mexico

By THE PULSE NEWS MEXICO STAFF While Mexican President Andrés Manuel López Obrador (AMLO) has set a deadline of 2024 for the nation to become self-sufficient in gasoline production, the country is severely lagging in the production of premium, high-octane gasoline, used by about 30 percent of all Mexican vehicles. Currently, Mexico’s state-run oil company Petróleos Mexicanos (Pemex) produces only 4

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Mexico Pumps $3.5 Billion to Lower Pemex’s Debt

By KELIN DILLON In an attempt to reduce its foreign debt, Mexico’s state-owned fuel company Petróleos Mexicanos (Pemex) received $3.5 billion in bond buybacks from the Mexican federal government, the country’s Secretariat of Finance (SHCP) reported on Tuesday, Dec. 7. This financial injection is equivalent to 74 billion pesos, about half the annual budget given to Mexico’s Secretariat of Public

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