11 March 2016
Mexico to Allow Imports of Gasoline and Gasoil
Mexico’s Ministry of Energy has announced that effective 1 April it will be able to issue permits that will allow interested parties that comply certain requirements to import gasoline and gasoil. Import permits will be issued through the on-line single window for trade operations.
The Mexican government believes that this decision represents a significant step in the process to liberalise the domestic market for fuels in order to benefit consumers. By allowing importations of foreign gasoline and gasoil the government is seeking to promote competition and eliminate current supply restrictions while encouraging increased investment in transportation and storage infrastructure, thereby strengthening Mexico’s energy security. This measure is also expected to reinforce domestic energy supply chains and increase the number of gas stations in service ahead of the full liberalisation of the gasoline and gasoil market in 2018.