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Mexico Has More Refining Capacity. So Why Are Fuel Imports Rising?

Mexico’s push for fuel self-sufficiency has run into a stubborn problem: Pemex has built and upgraded refining capacity faster than it has learned to operate it reliably. The state oil company is being asked to send more crude into domestic refineries and less onto the export market, a strategy that looks increasingly sensible when…

  • Mexico's refining capacity expanded but struggles to maintain high processing rates.
  • Refineries processed 1 million barrels per day in Q2 2026, below 1.75 million barrel capacity.
  • Fuel imports surged, averaging $54/bbl for diesel and $44/bbl for gasoline.

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