RIO DE JANEIRO, BRAZIL - Mexico’s government has issued new regulations to limit the ability of private firms to import fuel, according to a federal decree, fanning concerns that the move may unduly benefit state-owned oil company Petroleos Mexicanos (PEMEX).
The rules, issued by the energy ministry and scheduled to go into force on Monday, Decemer 28th, are part of a drive by President Andres Manuel Lopez Obrador to put an end to fuel imports and make Mexico oil-independent.
Among the changes set out in the government’s official gazette on Saturday, the energy ministry will now offer . . .