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Mexico's Pemex Boosts Domestic Fuel Supply in March

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Mexico’s Pemex increased its gasoline and diesel output by 32% in March y/y and cut its road fuel imports by 25% y/y.

  • It comes as Mexico ramps up domestic refinery runs to reduce reliance on imports, part of a longer-term plan for the country that has come with numerous setbacks and delays.
  • Pemex's gasoline and diesel output at its six domestic refineries amounted to 562,300 b/d in March, up from 427,100 b/d in the same month of 2023.
  • Gasoline production rose by 27pc to 350,400 b/d in March y/y and by 13pc from February.
  • Diesel production jumped 40% y/y to 211,900 b/d in March y/y and was 26% higher m/m.
  • Processing across the refineries rose 23% y/y to 1.06mn b/d.
  • Fires at two of its refineries in April will likely hit runs in the next set of data while data on the new Dos Bocas refinery is still to be revealed. Pemex officials said Dos Bocas diesel production would begin in May.
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Mexico’s Pemex increased its gasoline and diesel output by 32% in March y/y and cut its road fuel imports by 25% y/y.

  • It comes as Mexico ramps up domestic refinery runs to reduce reliance on imports, part of a longer-term plan for the country that has come with numerous setbacks and delays.
  • Pemex's gasoline and diesel output at its six domestic refineries amounted to 562,300 b/d in March, up from 427,100 b/d in the same month of 2023.
  • Gasoline production rose by 27pc to 350,400 b/d in March y/y and by 13pc from February.
  • Diesel production jumped 40% y/y to 211,900 b/d in March y/y and was 26% higher m/m.
  • Processing across the refineries rose 23% y/y to 1.06mn b/d.
  • Fires at two of its refineries in April will likely hit runs in the next set of data while data on the new Dos Bocas refinery is still to be revealed. Pemex officials said Dos Bocas diesel production would begin in May.