More than 1,100 gas stations abandoned the Pemex brand in 2020

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Last year, Pemex lost 13% of the gas stations registered with its franchise on December 31, 2019

The franchise of the company Petróleos Mexicanos (Pemex) continued with lower participation in the Mexican gas station market during 2020.

The state-owned oil company’s brand lost 1,125 service stations to other private players, the state-owned company reported in its fourth quarter report.

“As of December 31, 2020, a total of 7,468 service stations operated under the Pemex Franchise. This number is 13.1% lower than the 8,593 registered as of December 31, 2019 ”, specified the firm headed by Octavio Romero Oropeza in the document sent to the Mexican Stock Exchange (BMV).

Of the total number of gas stations in operation in Mexican territory, 7,423 are managed by third parties and 45 are owned by these subsidiary company Pemex Transformación Industrial (TRI) in the mode of self-consumption.

In that period, Pemex registered 883 gas stations under the brand sublicensing scheme, while 3,112 service stations use another brand and are supplied by Pemex and private companies.

The approval of the energy reform of PRI Enrique Peña Nieto in 2013 allowed the arrival of private brands to our country, such as BP, Shell, and ExxonMobil. Consequently, the energy giant has lost 40% of the market, despite the fact that it conserves the supply of fuels for 80% of the gas stations in our country.

The Energy Regulatory Commission (CRE), chaired by Vicente Melchi, has been criticized by the private sector due to the delays in the delivery of gas station permits.

In 2020, the gas oil sector was drastically hit by the covid-19 health crisis, which destroyed the demand for energy worldwide due to international lockdowns and restrictions on mobility.

Source: forbes.com.mx

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