Fiji Broadcasting Corporation Ltd
  • Home
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • Tech
  • Real Estate
Fiji Broadcasting Corporation Ltd
  • Home
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • Tech
  • Real Estate
No Result
View All Result
Fiji Broadcasting Corporation Ltd
No Result
View All Result
Home Mexico

Mexico restricts fuels to private companies

by News Desk
December 28, 2020
in Mexico
0
Mexico restricts fuels to private companies
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter
Mexico usually imports most of the fuels it consumes. Photo: Cuartoscuro / Archive

Mexico made known that restricted the import and export of fuels to private companies. The Ministry of Energy said that said action is to reduce the validity of the permits from 20 to five years, a measure criticized by the industry and the antitrust authority, who assured that it would hinder competition in favor of the State.

Is Mexico an importer or exporter of fuels?

Mexico imports the bulk of fuels that it consumes and, just after an energy reform in 2013, the State began to give import licenses to private companies. The government of the president Andrés Manuel López Obrador seeks that the country be self-sufficient hydrocarbons and, for this, it is giving more prominence to the state Pemex and building a refinery.

According to an agreement published on Saturday in the Official Gazette of the Federation (DOF), the maximum validity of the permits to import and export petroleum products and fuels it will be five years, from the previous maximum of 20 years.

Permits, one and five years, may be extended once for the same period after its volume is exhausted or its validity has concluded.

“The activities of the SENER (Secretariat of Energy) in the matter of granting and supervision of the previous permits for import and export of petroleum products and hydrocarbons will be oriented based on the objectives of the public policy in energy matters, including those of energy security of the country”

Says the rule.

Days ago, the antitrust authority Cofece had recommended not to issue the new regulations ensuring that “it would seriously hamper competition and free competition in the commercialization of fuels, and would affect the possibility of consumers to access more supply options and the best possible prices.”

The president of Mexico, López Obrador, admitted in late September that will seek to reverse the profound energy reform in 2021 carried out in the previous administration if it fails to strengthen and “rescue” Pemex and the state power company CFE with the current legal framework.

  • Trending
  • Comments
  • Latest
A doctor from La Rioja had to clarify that he was not vaccinated twice

A doctor from La Rioja had to clarify that he was not vaccinated twice

December 29, 2020
Seizures and paralysis due to encephalomyelitis: the allergic reactions of a Coahuila doctor after being vaccinated against COVID-19

Seizures and paralysis due to encephalomyelitis: the allergic reactions of a Coahuila doctor after being vaccinated against COVID-19

January 2, 2021
Jambulat Chatochow is dead: The "fatest child in the world" dies at 21 - News Abroad

Jambulat Chatochow is dead: The “fatest child in the world” dies at 21 – News Abroad

December 30, 2020
A young rapper was found dead at Christmas and it is being investigated if it was a femicide

A young rapper was found dead at Christmas and it is being investigated if it was a femicide

December 28, 2020
Facebook Removes Trump’s Post, Covid-19 Was Less Deadly Than Flu |  america – World

Facebook Removes Trump’s Post, Covid-19 Was Less Deadly Than Flu | america – World

0
President Donald Trump challenged opponent Biden, saying – I am ready to debate.  america – World

President Donald Trump challenged opponent Biden, saying – I am ready to debate. america – World

0
US: CDC said 6 feet distance is inadequate, corona infection is spreading by air. I US CDC says coronavirus DOES spread through the air after issue new guidelines |  america – World

US: CDC said 6 feet distance is inadequate, corona infection is spreading by air. I US CDC says coronavirus DOES spread through the air after issue new guidelines | america – World

0
Has China’s space program lost its years of hard work?  |  america – World

Has China’s space program lost its years of hard work? | america – World

0
Account lock lifted: Trump is allowed to tweet again

Account lock lifted: Trump is allowed to tweet again

January 8, 2021
Unstable and with storms: this is how the weather will be this Friday in Mendoza

Unstable and with storms: this is how the weather will be this Friday in Mendoza

January 8, 2021
Aristegui Noticias

Student dies from Covid-19 at the General Hospital of Ecatepec; UNAM withdraws inmates – Aristeguinoticias

January 8, 2021
Further resignation in the Trump team: US Secretary of Education also throws down

Further resignation in the Trump team: US Secretary of Education also throws down

January 8, 2021

© 2020 Radio Fiji

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • Tech
  • Real Estate

© 2020 Radio Fiji