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Mexico Allows Fuel Imports to Lure Investment, Cut Prices

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Mexico, which ended a 76-year oil monopoly in 2014, is now speeding the liberalization of the fuel market as it seeks to lure investment and push down prices for consumers, President Enrique Pena Nieto said.

Starting in April, companies other than state-owned Petroleos Mexicanos will be allowed to buy gasoline and diesel from overseas markets for the first time since the industry was nationalized in 1938.