Overview

• The Energy Ministry and Pemex clarified that the price-stabilization pact is voluntary and that the March integration of former subsidiaries—ending about 6 billion pesos per month in internal billings—accounts for Pemex Logística’s loss.
• Pemex Logística reported a 12,729 million peso net loss and a 41% drop in first-half revenues compared with 2024, reflecting the billing adjustment rather than operational shortfalls.
• Consolidated Pemex posted a 16,187 million peso profit in the same period, buoyed by exchange-rate gains and reduced financial expenses.
• Fuel supply incidents in Nuevo León, Chiapas and the Valley of México were traced to maintenance adjustments, and authorities say delivery has been fully restored under continuous monitoring.
• Analysts warn that per-liter margins remain squeezed by the gas cap, logistical constraints and full tax collection, raising concerns over smuggling incentives.