Mexico Minister Accuses Fuel Retailers of Pocketing Subsidies

04/06/2021

Source: Bloomberg

Mexico is proposing changes to the country’s fuel laws and will review permits issued to retailers because some gas station operators aren’t passing on subsidies to consumers after a spike in international oil prices.

“There’s a fiscal stimulus maintained by the Finance Ministry at this time, and there are some gasoline retailers that absorb the stimulus, increasing their profit margins considerably,” said Energy Minister Rocio Nahle in a written response to questions from Bloomberg. “We are going to review their permits and act accordingly,” she said.

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