Mexico's Fuels Market
Mexico depends on fuel imports to meet demand.
However, Pemex has focused more of its production on domestic refining.
Projects focused on importing refined products have the potential to succeed for the following reasons:
During 2022, domestic crude oil production is around 1.8 Mbbls / day (including PEMEX and private production).
Projects focused on importing refined products have the potential to succeed for the following reasons:
Expectations of population growth.
The average utilization rate for the 6 refineries during 2022 was roughly 50% of their design capacity.
The production of refined products has experienced a decrease in relation to the previous year, accompanied by a significant increase in imports.
The government's plan to increase extraction and refining capacity has not achieved favorable results and international dependence persists.
In recent years, the volume of gasoline and diesel imports has been affected by several factors such as:
- The fuel production is related to the national refining capacity, which is insufficient due to unplanned shutdowns, maintenance, delays due to refinery rehabilitation, among others.
- As Pemex production does not meet the quality standards required by the refineries, implying significant operational problems.
Since 2021, refining in Mexico has presented a compound annual increase of 12.1%, due to SNR modernization and refinery maintenance.
Demand by fuel type during 2022:
The five states with the highest gasoline demand are: State of Mexico, Mexico City, Jalisco, Nuevo Leon and Veracruz.
The five states with the highest demand for diesel are: State of Mexico, Veracruz, Jalisco, Tamaulipas and Tabasco.
The five states with the highest demand for gasoline and diesel are: State of Mexico, Jalisco, Veracruz, Mexico City and Nuevo Leon.
The five states with the highest demand for gasoline and diesel are: State of Mexico, Jalisco, Veracruz, Mexico City and Nuevo Leon.
Contact us
- Lago Alberto 416 Int A Anahuac Section Miguel Hidalgo, 11320, CDMX
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