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Mexico's Pemex warns gas at critical levels across border

Pemex
Fuel in Mexico   "No gas stations have any inventory"

Mexico's oil company Pemex is struggling to supply gas stations around the northern border city of Mexicali because of a blockade at a storage site.


In a post on Twitter, Pemex said its ability to supply gas stations in Mexicali, across the border from California, had reached "critical levels" because of the blockade of its local storage plant.

"No gas stations have any inventory," said Rodrigo Llantada, president of the regional chapter of industry chamber Coparmex. He said the blockade began last Wednesday.

Protests since the January 1 double-digit fuel price spike have exposed anger with President Enrique Pena Nieto over rising living costs fanned by a slump in the peso currency after Republican Donald Trump's U.S. presidential victory.

Pena Nieto said last week that the price increase was a "responsible" measure taken by the government in line with international oil prices.

Government-set fuel prices in Mexico rose between 14 percent and 20 percent ahead of a gradual, year-long price liberalization the Pena Nieto administration promised to implement this year.

 

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