Pemex increases gasoline production thanks to Dos Bocas

The Dos Bocas refinery and the rehabilitation of the National Refining System boosted Pemex's production in 2025, covering 52.9% of the gasolinas commercialized and reducing imports to their lowest level in 16 years. For diesel, coverage reached 92% of domestic demand. This improvement marks the largest increase in four years for gasolinas and a decade for diesel.

In 2025, Petróleos Mexicanos (Pemex) achieved a significant advance in fuel production, driven by the operation of the Dos Bocas refinery and the rehabilitation of the National Refining System (SNR). The company, led by Víctor Rodríguez Padilla, produced an average of 356.3 thousand barrels daily of gasolinas (magna and premium), a 22.7% increase from the previous year, the highest in the last four years. This allowed it to cover 52.9% of the gasolinas commercialized internally.

Dos Bocas was the main driver of this 'boom', rising from 3 thousand barrels daily in 2024 to 49.9 thousand in 2025, operating at 30% of its designed capacity of 170 thousand barrels daily. In December 2025, it reached 80 thousand barrels daily. Other refineries contributed with increases: Tula (30.9%), Minatitlán (4.2%), Salina Cruz (1.8%), and Salamanca (1.2%). Only Cadereyta (-4.8%) and Madero (-1.1%) recorded decreases.

For diesel, average production was 227.8 thousand barrels daily, a 26.6% growth and the highest level in a decade. Dos Bocas contributed 54 thousand barrels daily, 23.7% of the national total, operating at 45% of its 120 thousand barrel capacity. Diesel imports fell to 81.2 thousand barrels daily, the minimum since 2009.

Gasoline imports dropped to 337.3 thousand barrels daily, the lowest in 16 years, compared to 78.2% dependency in 2018. This resurgence impacts U.S. refineries, as Mexico is their largest buyer. According to U.S. Energy Information Administration data, Mexican imports of gasoline and diesel were 726 thousand barrels daily in October 2025.

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Photorealistic image of a Colombian gas station displaying a 300-peso gasoline price cut, with joyful customers celebrating the government's announcement.
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Government announces 300-peso gasoline price cut starting February 1

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Building on Minister Palma's recent confirmation of progress, the Colombian government will reduce regular gasoline by 300 pesos per gallon from February 1, 2026. Finance Minister Germán Ávila confirmed the move closes the Fuel Prices Stabilization Fund (FEPC) gap with international prices, easing consumer costs.

The Olmeca refinery in Dos Bocas has reached nearly 87% of its installed capacity, pushing Pemex's refining to its highest level in over a decade. Opened in 2022, this facility has overcome early hurdles to aid Mexico's fuel self-sufficiency. Yet, debates continue over high costs and environmental concerns.

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Petróleos Mexicanos (Pemex) reported a small fire at the Olmeca Refinery in Dos Bocas, Tabasco, on January 22, 2026. The incident stemmed from a loss of containment in a discharge line and was contained without harm to personnel, the environment, or the community. The refinery continues to operate normally and safely.

GeoPark reported an average annual production of 28,233 barrels of oil equivalent per day (boepd) in 2025, exceeding its guidance range of 26,000 to 28,000 boepd. In the fourth quarter, production reached 28,351 boepd, driven by optimizations and key divestitures. The company operated six drilling rigs and completed 16 wells over the year.

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The recent US intervention in Venezuela, culminating in Nicolás Maduro's capture, has altered the regional oil landscape. President Donald Trump pledged to attract US investments to revitalize Venezuela's industry, while Colombia faces challenges in its crude production and exports. This dynamic could intensify competition in the heavy crude market.

Mexico's state oil company Pemex has canceled a crude oil shipment to Cuba scheduled for late January 2026, as the US escalates efforts to cut off fuel supplies to the island following its January 3 capture of Venezuelan leader Nicolás Maduro. The decision heightens Cuba's energy crisis, with the country relying heavily on Mexican imports amid chronic blackouts and isolation.

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Fuel prices are moving in opposite directions today amid recent geopolitical developments that have rattled global oil markets. Diesel will increase by P0.20 per liter and kerosene by P0.10, while gasoline will decrease by P0.10, according to major oil companies.

 

 

 

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