Pemex Reports Modest Annual Output Gain as Refining Throughput Plummets

Company data show a sharp drop in refinery processing after March fires at Dos Bocas, a development that could tighten fuel supply and hit federal revenues.

Overview

Pemex reported average liquids production of 1.651 million barrels per day in April, a 1.4% increase from April 2025 but a 0.2% decline from March, with crude-only output at about 1.364 million bpd.
National crude processing fell 9.4% month-on-month to 1.067 million bpd in April while overall refinery utilization slipped to 54%, marking the lowest processing level since January.
The Olmeca (Dos Bocas) refinery logged its weakest month since August 2025, processing roughly 147,500 bpd in April, a drop of about 21% from March and only 43.3% of its 340,000 bpd capacity.
Operations at Dos Bocas were disrupted by two fires in March that killed five workers, and the plant’s reduced throughput is cited as a main factor in the nationwide refining slowdown.
Shifts within Pemex’s liquids mix include an 11% year-on-year rise in condensate output to about 287,157 bpd, and the refining decline raises risks to Mexico’s fuel availability and to fiscal receipts that depend on oil and gas income.