Mexico on Monday imposed restrictions on imports of dozens of crude oil and petrochemical products, including some gasoline and diesel fuel, as well as jet fuel and additives, as a measure to combat the illicit fuel market and smuggling.
Despite being a major producer of crude oil, Mexico is a strong importer of gasoline and other fuels, as well as petrochemicals. Pemex Refinery They are having difficulty processing the heavy crude oil that the company pumps.
In a decree published Monday evening in the Official Gazette of the Federation (DOF), the Mexican government said these measures also aim to combat counterfeiting and trade in fuelwhich pose a danger to human health, the environment and vehicles.
“I think this is very serious,” said Julia Gonzalez, a lawyer who specializes in Mexican constitutional law. “They are restricting the import of many products that are used for several processes,” he added.
The decree covers jet fuelas well as some types of gasoline and diesel, including biodiesel, which is not widely used. Also some types of gasoline, alcohols, mineral oils and additives such as methyl tert-butyl ether (MTBE).
Review Reuters Mexican import data showed that refined petroleum products from Oil and the most important petrochemical products that the country imports arepremium and regular gasolinelike a regular diesel engine, the measure did not affect it.
However, it was not immediately clear what impact these measures would have on industries who use the products mentioned. The decree comes into force on Tuesday, and restrictions on imports are for an indefinite period, according to the text published in the Federal District.
Martial Diaz, a consultant for Qua Energy, said that while the measure strengthens the fight against the illicit fuel market, “it affects other industries that use these resources in their processes.”
Minister of Energy (Sener) may issue special import permits, the decree said, adding that other government agencies will also make adjustments to certain processes to comply with this provision.
Reuters
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
