Mexico: footwear leader issues warning over fuel theft crisis
16/01/2019
However, the CICEG president also warned that the crisis, which is affecting the whole of Mexico, is already making an impact on production. He said: “If the situation isn’t resolved, we are only days away from this becoming a real economic crisis.”
State oil company Pemex has been reducing supply of fuel to petrol stations around Mexico since the start of the year. At the end of December, new president, Andrés Manuel López Obrador, who took office on December 1, announced a plan to prevent the theft of fuel from Pemex storage facilities. He said that fuel theft had cost the state more than $3 billion in 2018 alone. He said urgent action to halt this was needed and ordered Pemex to hold back supply.
Luis Gerardo González said the authorities in Guanajuato were doing a good job of helping people work through the shortages. But, although he said he supports measures against fuel theft, and he said manufacturers are suffering “collateral damage”.
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