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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Illustration of Ecopetrol's Q1 2026 profits with oil facilities, charts, and Colombian elements for a news article.
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Ecopetrol reports $2.8 trillion profit in first quarter

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Colombian state oil company Ecopetrol announced profits of $2.8 trillion and revenues of $28.6 trillion for the first quarter of 2026. Earnings fell 7.7% from the same period in 2025. The Ebitda margin reached 47%.

The Olmeca refinery in Dos Bocas, Tabasco, produced 83.1 thousand barrels per day of diesel in February, accounting for 27.85% of national output from Pemex's seven refineries. This contributed to cutting diesel imports to the lowest level in 17 years and starting exports. Diesel prices have risen in both Mexico and the United States.

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Colombia's oil production dropped 3% in January 2026 year-on-year to 746,400 barrels per day from 769,800 the previous year, according to Campetrol. Compared to December, it fell 0.1%, or 7,000 barrels, with the sharpest declines in Casanare.

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.

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Petrogulf, a subsidiary of the South Valley Egyptian Petroleum Holding Company, has boosted production from its Gulf of Suez fields to around 26,600 barrels per day, up from about 17,000 barrels per day in the 2025/2026 fiscal year—the highest output since its founding in 1982.

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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