As Mexico deregulates its oil and gas industry, the country represents an enormous opportunity for retail fuels marketers and service stations.
Mexican fuel consumption is forecast to grow by roughly 3 percent annually, twice as fast as global demand growth and at a higher rate than the top five fuel-consuming countries.
Fuel prices in Mexico are 20 percent higher than in the US, and convenience store penetration is low, at roughly 50 percent of fuel stations. The country is ripe for more fuel stations and new retail concepts.
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