financetom
Business
financetom
/
Business
/
Mexican authorities seize more than 3 million liters of stolen fuel
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mexican authorities seize more than 3 million liters of stolen fuel
May 30, 2025 11:46 AM

MEXICO CITY, May 30 (Reuters) - Mexican authorities said

they seized more than 3 million liters (792,516 gallons) of

illegally stored fuel at a property in the country's southeast

state of Tabasco, the latest in a string of major fuel-related

seizures across the country.

WHY IT'S IMPORTANT

The seizure on Thursday is part of Mexico's ongoing battle

against fuel smuggling, which includes both the theft of fuel

from state-run oil firm Pemex's pipelines and imports under

false classifications to evade taxes.

KEY QUOTES

"Eighteen vehicles, three pieces of machinery, and 3,904

metal-structured containers containing the hydrocarbon,

identified as a petroleum derivative, were secured," Mexico's

security cabinet said in a joint statement on Thursday.

Mexican President Claudia Sheinbaum said on Friday the

seizures have to do with a recent system of "traceability" of

fuel imports from their origin until they reach the point of

sale.

CONTEXT

State-owned Pemex has for years faced rampant theft of crude

and refined products through illegal pipeline taps across

Mexico, resulting in massive losses.

BY THE NUMBERS

Over the past weeks, authorities have discovered 1.5 million

liters of fuels in two raids in the state of Tabasco and 10

million liters in the state of Tamaulipas from a ship from the

United States that had arrived weeks before in Mexico.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved