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
Enjoy the ‘Paseo Navideño de las Flores’ with new venues in Yucatán
As part of the free options.
Yucatan, the state with the second highest number of active Covid cases
Yucatan has the second highest number.
Volaris cancels departure of flight to Mexico City from Merida airport
Shortly before 10:00 a.m., Volaris personnel.
Motorcyclists skid on Merida’s Periferico and narrowly escape death
This Friday morning, two motorcyclists who.
Motorcycle taxi driver who raped a 13-year-old boy in Yucatan, finally received sentence
After three years have passed since.
Yucatecan businessmen continue to reinforce their confidence to invest and generate jobs in the state
Yucatecan businessmen contribute to continue driving.
Weapon seized on Merida college campus
A heavy security operation was set.
Accelerated increase of Covid-19 in Yucatan could favor the risk of a double epidemic
In Yucatan there is a high.
Renan Barrera inaugurates training and digital inclusion classroom for seniors
In an atmosphere of joy for.
Hurricane Lisa Will Cause Heavy Rains in Southeastern Mexico
Lisa is 100 kilometers north of.