Mexico · Energy
Fuel theft in Mexico — known as “huachicol” — is getting worse, not better: state oil company Pemex’s own filings show illegal fuel sales climbed more than 15% last year, even as a law meant to toughen the penalties sits unmoved in Congress.
Fuel theft from Pemex’s network costs Mexico billions of pesos a year.One-stop referenceCompany IntelligenceEvery listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.Browse the directory →
The rise in illegal fuel sales marks a sharp reversal after years of heavy-handed military-style crackdowns that had temporarily suppressed theft volumes. The resurgence suggests that criminal networks have adapted their methods, including shifting to fiscal huachicol to bypass physical security measures.
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