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Mexico limits imports of chemicals, petrochemicals to combat contraband fuel with market’s approval

October 24, 2023 Comments Off

Mexico will temporarily limit imports of some chemicals and petrochemicals in the latest attempt to combat contraband fuel in the country, which accounts for as much as 30% of sales. The move has sparked criticism by some observers who consider this to be a way for the state oil company Pemex to monopolize imports, but some market participants have welcomed…