Mexico Recovers $10.9 Billion From Fuel Smuggling Crackdown

Mexico has recovered as much as 200 billion pesos ($10.9 billion) in tax revenue this year due to the government’s efforts to stop illegal fuel imports, the head of Mexico’s customs agency said Monday.

While the government expects the amount recovered to climb to 300 billion pesos ($16.3 billion) by year-end, billions of dollars in tax revenue are still being lost as smugglers’ operations continue, Rafael Marin Mollinedo, head the ANAM customs agency said in an interview with local media.