Mexico: COFECE probes fuel storage and transportation market

Investigators at Mexico’s Federal Commission of Economic Competition (COFECE) gave notice of the launch of an investigation over possible monopolistic practices in the marketing, storage and transportation market forpetroleum products in Mexico, as well as related services.

The watchdog pointed out that petroleum products are fundamental for the country’s economy, since its price and availability have effects that affect all other productive sectors.

COFECE also noted its responsibility to ensure the proper functioning of the market “before the transition in the energy markets” to ensure that the supply of these resources occurs under the best possible conditions, in a competitive environment that offers consumers various supply options .

Since the 2013 energy reform opened the fuel markets, COFECE has initiated several investigations into relative and absolute monopolistic practices, as well as illicit mergers between oil and LP gas entrepreneurs.
Full Content: El Economista