Mexico imports 134% more diesel after Pemex production drop
WHAT HAPPENED
Between April and June 2026, Pemex produced 11% less diesel and 13% less gasoline. To cover the shortfall, Mexico imported 134% more diesel and 45% more gasoline, mainly from the United States.
WHY IT MATTERS
By relying more on foreign fuel, the price at the pump is more exposed to global oil prices and the exchange rate. Freight transport and agriculture feel it first; then, costs can reach products and drivers. The government also continues to support Pemex with public money.
AND FOR YOUR PORTFOLIO
For a long-term portfolio, the data shows a risk for Mexico: producing less fuel while Pemex needs support can pressure public finances. It also makes transportation, food, and consumption costs more sensitive to oil and the dollar.
💬 TELL IT LIKE THIS
“When Pemex produces less, Mexico buys more fuel abroad and the price depends more on oil and the dollar.”