LP Gas Faces New Q4 Regulatory Hit

The Federal Government wants Pemex to have 51% of the LP gas market.

The government of the fourth transformation prepares a new regulatory blow against private companies that participate in the LP gas market.

On August 25 of this year, the Governing Body of the Energy Regulatory Commission (CRE) authorized the emergency creation of a list of LP gas distributors.

Thanks to this standard, the energy regulator seeks to make a complete review of the import permits in force, as well as the storage, distribution and commercialization of LP gas.

This with the objective of returning to Petróleos Mexicanos (Pemex) 51% of the energy market in the country.

Today, at a press conference, the president of Mexico, Andrés Manuel López Obrador, said that the Federal Government wants Pemex to have 51% of the market.

This is in line with the energy policy of President López Obrador to give a greater market share to the productive companies of the state at the expense of the private ones.

This action by the Federal Government adds to what is contemplated in the Tax Miscellany 2022, in which LP gas sellers in the new country are asked for volumetric controls and 6 months for its start-up.

According to the businessmen, this would imply an investment of several million pesos, when profit margins were reduced by the establishment of maximum prices.

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