Mexico: Four new companies dive into Mexico’s gasoline market

Marcelino Madrigal, commissioner at Mexico’s Energy Regulatory Commission (CRE), has revealed that four new gasoline operators fully separate from the old state monopoly, Pemex, entered the Mexican market this year. This brings the total to 37 brands, representing 20% of the country’s service stations.

So far, in 2018 Mexico saw the arrival of Spanish Repsol, Colombian Gaxo and two American companies, Sunoco and Black Gold, which in sum account for more than 2,442 service stations.

Madrigal said that there is a paradigm shift in Mexico’s energy market, where gasoline and gas prices have been freed, as well as an increase in electricity generators and distributors other than the Federal Electricity Commission.

Full Content: Excelsior

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.