Mexico is importing less gasoline and diesel from the U.S. as its refineries increase their output, according to Bloomberg News.
State-run oil company Petroleos Mexicanos’ imports of gasoline and diesel fell to their lowest since 2009, the outlet reported Wednesday. Mexico has historically been the largest importer of U.S. motor fuels.
Increased oil refining in Mexico affects U.S. refineries, which rely on heavy crude oil imported from Canada in Mexico. The two countries that are looking to reduce their dependence on U.S. trade because of the Trump Administration’s aggressive policies.
Much of the increase in Mexico’s refining is because of its Doc Bocas refinery, which ramped up slowly after receiving its first crude oil shipment in 2023.