Last updated on December 24, 2016
Cancun, Q.R. — Due to the new Energy Reform, the government of Mexico has announced four gasoline competitors for the Yucatan Peninsula.
Giving the country’s Petroleos Mexicanos franchise a run for their money are gas giants, Gulf and Chevron as well as The Gas and Costco, all of which have announced intentions to provide gasoline services to the region.
The Gas was the first competitive chain to open in the state in June of this year. Their Quintana Roo locations add to their number of other current stations in the Yucatan, Campeche and Tabasco. One of the strongest competitors expected is Gulf, who earlier this year, were searching for areas in which to install new gas stations.
Chevron is also expected to show up in 2017 after expressing an interest in the Yucatan Peninsula. In anticipation of the newcomers, current stations such as OXXO Gas have announced 2017 makeovers of their facilities across the state.
The Energy Regulatory Commission (CRE) says they expect foreign gas investments to reach round 12 billion dollars.
Chief of state economy, Luis Garcia Silva, says the new franchises will drive service improvement as new stations incorporate boutiques and shops inside their locations as well as offer modern technology, all of which will play important roles.
Shell has also expressed interest of expanding within Mexico.