Mexico's jet fuel market is rife with barriers to competition and should be reformed to include clear rules that set limits to state-owned Pemex's dominant position in the sector, competition watchdog Cofece said on Friday.
National oil company Pemex has long dominated the country's oil and gas market, including derivatives like jet fuel production and sales, even after its main monopoly powers were ended in favor of a more competitive marketplace with a constitutional reform a decade ago.
"Most of the capacity in the country is contracted with Pemex ... with no maximum limits to its reserve capacity, which limits the entry of competitors," the Cofece statement added. The watchdog added that if its recommendations are implemented, greater competition would be "reflected in better prices for the final consumer."
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