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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Pemex refinery scene with executives presenting rising fuel production and falling debt charts, symbolizing Mexico's energy success.
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Pemex announces rise in fuel production and debt reduction in 2025

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Petróleos Mexicanos (Pemex) reported a fifth consecutive year of rising gasoline production in 2025, reaching 511,000 barrels per day, during the presentation of its 2026 plan. The company also disclosed that its debt hit the lowest level in 11 years and clarified details on crude oil sales to Cuba. These developments are part of the Mexican government's energy sovereignty strategy.

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.

3月26日に14万2,000バレルが初回分として到着したことを受け、フィリピン政府は世界的な石油危機に対応するため、合計104万バレルのディーゼル油を確保した。残る90万バレルは来月到着する予定で、エネルギー緊急事態の間も最低水準を上回る備蓄量の維持に寄与する見通しである。

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Hacienda Secretary Édgar Amador estimated that the effects of the US-Iran conflict on fuel prices in Mexico will be short-lived, due to existing fiscal mechanisms. Meanwhile, premium gasoline and diesel exceed 30 pesos per liter in some stations, and the Mexican peso depreciates toward 18 units per dollar.

Fuel prices in Brazil rose for the second consecutive week, according to ANP data released on March 13, 2026. Diesel saw an 11.8% increase, while gasoline rose 2.5%, reflecting the impacts of the war in Iran on international oil prices.

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Starting January 1, 2026, gasoline and diesel prices in Mexico will increase due to the annual update of the Special Tax on Production and Services (IEPS), as announced by the Secretariat of Finance and Public Credit (SHCP). This adjustment is based on the National Consumer Price Index (INPC) for November 2025, which stood at 142.645 points.

 

 

 

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