• PERMITS: Retailers are urging Mexico’s energy regulatory commission (CRE) to expedite issuance of pending permits along the whole fuels chain in order to face the new market reality given a new decision to allow state-owned company Pemex to freely set wholesale gasoline and diesel prices.
• COMPETITION: “We have had many problems with the approval of permits and this (new decision) is another sign that what they are looking for is to close any competition”, said a representative of a fuel importing conglomerate who preferred not to disclose his name.
• NUMBERS: Stemming from the countries 2014 energy reform, Pemex has lost the monopoly in fuel distribution in Mexico. According to numbers published last March, 3,669 of the total 12,247 service stations are from competing brands other than Pemex. Not all of them sell Pemex products.
• MEETING: “It is convenient and timely…to convene an extraordinary meeting of the CRE before the end of 2019 that authorizes permits and assignments in the (fuel) chain…that are pending and that represent equity investments already made”, Mexico’s fuel retailers’ association Onexpo said.
