Business · Energy & Commodities · 58 mins ago

Mexico says fuel supplies are secure, with price limits in place

Mexico says fuel supplies are secure, with price limits in place

Mexico’s Energy Ministry said fuel supplies are secure across the country on Friday, October 16.

It said Pemex and private companies have enough fuel in stock, and distribution is operating normally.

A price-stabilization agreement is in place, with regular gasoline meant to stay below 24 pesos per litre and diesel below 27 pesos.

Reported regular gasoline prices ranged from 23.21 pesos per litre in San Luis Potosí to 24.99 pesos in Monterrey.

Monterrey’s reported price was above the stated gasoline limit, while the ministry said the agreement remains in force.

The ministry gave no further details about what happens next.

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What people are saying

Roberto M. Meillón CovarrubiasPresident of the Mexican Association of Shipping Agents
Because of diesel, the price of diesel we use for transport, a tremendous crisis is coming because there will be a diesel shortage, and 40% of the diesel we consume comes from the United States and this country needs this energy and is not going to sell it to you. So we will have a 40% shortage and that will cause a crisis.
via El Universal