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PetrÃ³leos Mexicanos has entered the United Statesâ gas station market with the opening of 5 stations in the city of Houston, Texas. These Pemex gas stations are owned by private investors (franchisees), who will determine the fuelÂ´s selling prices according to HoustonÂ´s market conditions.
Observers say the franchise in Texas could be an important test for Pemex as Mexico seeks to open its lucrative gas station market over the next few years. Starting in 2016, foreign companies will be able to obtain a permit to set up service stations in Mexico where they will be able to sell fuels from any company.