Mexico’s Pemex Gas Stations Get Competition

The two companies have joined together to open three gas stations.

June 10, 2016

MEXICO CITY – Pemex, owned by the Mexican government, now has competition after energy reforms approved two years ago lifted restrictions in the retail sector to other companies, the Tulsa World reports.

This week, a re-branded Pemex station run by Grupo Hidrosina started welcoming customers in Mexico City under its own brand. A second Mexican business, La Gas, has two branded stations that will sell Pemex fuel, one Campeche and one in Merida.

“With the collaboration of Pemex we signed an agreement to use a different brand and test the success that may or may not work for the clientele,” said Victor Ruiz Iriarte, director of operations for Grupo Hidrosina. Since 1992, Hidrosina has operated as a concessionaire around three dozen gas stations under the Pemex name. “This is the first test we want to do with 20 stations this year and next year in Mexico City,” he added.

Other companies will be joining Hidrosina and La Gas in Mexico. Between June and July, Gulf Oil, a U.S. company, will open four gasoline stations, with more on the horizon.

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