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.

Pemex Power Play Fueling the Mexican Gasoline Market
PEMEX Self-Raising Platform is being drilled on the Tabasco coast. Credit: Petróleos Mexicanos

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.

This isn't just about numbers. According to the gurus at PetroIntelligence, Pemex is experiencing a liquidity bonanza, giving it the edge to keep the party going. Alejandro Montufar, the CEO dropping truth bombs, says, “The truth is that competition is constantly going up and down.” It's like a gasoline-fueled rollercoaster, and Pemex is riding it like a boss.

Now, let's talk about diesel, the underappreciated sibling of gasoline. Pemex is not playing favorites; it's still the dominant force with a 69 percent share of sales, pushing out 245 thousand barrels per day. Private companies are trailing behind, holding onto a modest 31 percent with 112 thousand barrels. It's like a diesel showdown, and Pemex is the cowboy with the shiniest spurs in town.

But hold your horses – the private companies aren't throwing in the towel just yet. The highest percentage of diesel commercialization they've managed is 40 percent, while Pemex, with a confident swagger, holds the lowest at 60 percent. It's a game of diesel chess, and both sides are making strategic moves.

Now, let's address the elephant in the room – or should we say, the gas station on the corner? Despite Pemex dominating the sales game, only half of the 13,500 gas stations in the country are rocking the Pemex badge. The rest? Well, they're the eclectic mix of private companies vying for attention in this fuel frenzy.

In conclusion, Pemex is like the rockstar of the gasoline world, stealing the show with its impressive market share. The Mexican gasoline market is a stage, and Pemex is dancing center stage with a bottle of fuel in hand. As the curtains close on this act, we can't help but wonder – what's next for Pemex? Will it continue its fuel-fueled fiesta, or will the private companies steal the spotlight? Only time will tell, but one thing's for sure – the Mexican gasoline market has never been more exhilarating.