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Private Service Stations Expanding Rapidly in Mexico

ISSN:1054-8890
LADB Article ID: 80456
Category/Department: Mexico
Date: 2017-11-08
By: Carlos Navarro

At one time, Mexican consumers only had one option on where to fill their gas tanks: stations selling gas under the brand of the state-run oil company, PEMEX. The options have increased greatly for consumers over the past 18 months, particularly in the larger metropolitan. Motorists can now go to service stations selling gas under 26 different brands. Some of those brands are well known at the international level, such as BP, Arco, Shell, Gulf, and Chevron. Others are associated with retail stores that were already established in Mexico, including Costco and Oxxo. There are also lesser-known brands like Rendimax VIP, Eco Gasolineras, Nexum, Rendichicas, and El Rey Gasolineras. The arrival of private stations is the result of energy reforms approved by Congress. In the long term, the reforms encourage the construction of service stations in areas where residents had few options to buy gasoline.Until that happens, some problems must be overcome, including outdated infrastructure, which has left PEMEX to play a behind-the-scenes role in the market.

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