Pemex Fuel Theft Losses Drop 30.3% as Mexico Flags Suspicious Money Flows

Mexico · Energy & Security

Key Facts

—Direct Fiscal Drain Pemex estimates 2024 fuel-theft losses at 20.53 billion pesos, a cost that directly reduces public revenue available for infrastructure and social programs.

—Exploding Tax Fraud Huachicol fiscal—tax evasion on smuggled fuel—cost the federal government an uncollected 809.3 billion pesos between 2018 and 2024, nearly double the cost of the Dos Bocas refinery.

—Financial System Crackdown The UIF has blocked 811 bank accounts linked to fuel theft containing 466.6 million pesos and US$28,000, signaling to investors that Mexico is serious about policing the financial arteries of the illicit trade.