Mexico’s President Andrés Manuel López Obrador’s reforms to tackle the problem of fuel thefts at the state-owned petroleum company PEMEX seem to be starting to bring tangible results.
RT’s Boom Bust looks at the statistics to discuss the issue. Official figures at PEMEX show fuel thefts falling by 95 percent in April. The average volume of gasoline stolen a day fell from 81,000 barrels to just 4,000 barrels. Losses from fuel thefts dropped to just $79 million in the first quarter of 2019 from $573 million in the fourth quarter of last year.