Pemex Power Play Fueling the Mexican Gasoline Market
Pemex, the superhero of Mexican gasoline, reclaims 82% market share, selling 660K barrels/day. With a liquidity edge and a diesel dominance, it's a fuel-fueled fiesta. Yet, only half of the 13.5K stations bear the Pemex badge. The stage is set for a gasoline showdown.
In the ever-shifting landscape of the Mexican gasoline market, it seems like Pemex has donned its superhero cape and is soaring back to the top. Imagine the gasoline market as a bustling arena, and Pemex just performed a jaw-dropping comeback, snatching up 82 percent of the fuel supply. Move over, private companies; Pemex is here to stay.
Now, let's break down the numbers because who said data couldn't be a party? Pemex, with its newfound swagger, is flexing its muscles with a whopping 660 thousand barrels per day in sales. Meanwhile, the private companies are left scrambling with just 18 percent and 149 thousand barrels. It's like a heavyweight boxer (Pemex) in the ring with several contenders (private companies) desperately trying to land a punch. Spoiler alert: Pemex is dancing like a butterfly and stinging like a bee.
