mexico gas prices

Mexico could stop setting fuel prices before 2018

May 19, 2016

The head of retail fuel company Gulf Oil International's local unit said on Thursday he believes Mexico could speed up the opening of its fuel sector by liberalizing gasoline and diesel prices ahead of a 2018 deadline.

Historic energy reform finalized in 2014 ended state-owned oil company Pemex's longstanding monopoly, allowing private companies to establish their own non-Pemex branded gas stations for the first time since the 1930s.

Since then, motorists in Mexico have had no choice besides Pemex, and the country's 11,400 Pemex franchises have been required by law to buy their fuels . . .

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