The fueling station in the suburb of Satélite, north of Mexico City, is the first of 1,500 planned BP-branded gas stations in Mexico during the next five years — an aggressive push to establish a strong branding and retail position. Other global oil companies are expected to follow suit.
“We are delighted to be the first international oil company serving Mexican consumers in what is the sixth-largest consumer gasoline and diesel market globally,” said BP Downstream Chief Executive Tufan Erginbilgic.
The move comes as Mexico eliminates its state-owned monopoly held by Pemex and slowly begins to shift away from government-controlled gasoline pricing. Mexico saw some civic uproar after the government increased fuel prices by nearly 20 percent in January.
At the same time, Pemex is expanding outside of Mexico, opening its first U.S. fueling station in late 2015 in southeastern Houston with more planned.
United Kingdom-based BP said its Mexico stations sites will feature retail stores and full-service fueling stations.
BP said it plans to open about 200 BP-branded stations in 2017 in Mexico.
BP has more than 18,000 service stations in 19 countries around the world. In December, BP agreed to acquire and operate 527 retail sites in Australia, subject to regulatory approval.
more recommended stories
The US Embassy to invest 30 million USD in the “South of Mexico Generating Employment and Sustainability” program
In alliance with seven governments from.
Face-to-face courses return to La Ibérica de Mérida; they will celebrate a big event on Sunday
On Sunday, May 22, the Centro.
Construction worker arrested for sexual abuse against a maid inside a hotel in Tulum, Quintana Roo
The municipal police of Tulum, in.
Yucatan is about to receive the first cloud of dust from the Sahara desert in 2022
A cloud of dust from the.
Yucatecans seek to sell one ton of Cochinita Pibil and 6 thousand panuchos in Mexico City
With the “Yucatán Expone” program, Yucatecan.
Mérida Municipal Police officer returns wallet to owner with more than 5 thousand pesos
The Mérida Municipal Police agent Roberto.
Man sentenced to 32 years in prison for homicide in Mérida, Yucatán
After being found criminally responsible for.
Yucatan registers over 60 infections by Covid in 24 hours
On May 19th, the administration of.
“Live without Drugs” campaign connects with Yucatecan students
The Segey and Fundación Azteca convene.
On Thursday, May 19th, the Mérida Airport registered a total of 54 flights, all on schedule
On Thursday, May 19th, three flights.