Femsa Opens Oxxo-Branded Gas Station, Taking on Pemex

Updated on
  • Oxxo Gas inaugurates first branded fuel station in Mexico
  • Company will still sell Pemex gasoline for the time being

Fomento Economico Mexicano S.A.B., the owner of the Oxxo chain, is the latest player to enter Mexico’s private fuel market, leveraging its huge presence in Mexico’s retail sector to compete with state-owned Petroleos Mexicanos.

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