Wal Mart de Mexico (WALMEX.MX), Mexico’s biggest retailer, said on Thursday that it will open gas stations alongside its domestic stores, joining other private companies that are now competing with Pemex, the country’s former monopoly fuel seller.
Retail and convenience store chains are especially well positioned to tap into Mexico’s retail gasoline market, given their existing networks of stores where motorists can buy snacks and sodas while filling up their tanks.
Wal-Mart de Mexico, known as Walmex, said its “first phase” includes six sites in the states of Tabasco, Nuevo Leon, Veracruz and Mexico, installed . . .
