Mexico Has More Refining Capacity. So Why Are Fuel Imports Rising?

Mexico’s push for fuel self-sufficiency has run into a stubborn problem: Pemex has built and upgraded refining capacity faster than it has learned to operate it reliably. The state oil company is being asked to send more crude into domestic refineries and less onto the export market, a strategy that looks increasingly sensible when refined products’ cracks are strong. But the second quarter of 2026 showed the weakness of that model. Mexican refineries processed only around 1 million b/d (58% of installed capacity), while fuel imports…