BP opens first gas station in Mexico; plans 1,500 retail sites in 5 years
BP officially opened last week its first retail fuels site in Mexico as part of its plan to invest in the growing Mexican retail fuel and convenience market over the next five years.
Opened in the Satelite area of Mexico City, the new BP retail site is the first global oil company branded site operating in Mexico, since the country approved deregulation of the fuel retailing market in 2013.
BP plans to open around 1,500 retail sites in Mexico over the next five years, part of its strategic intention to grow its retail business globally.
BP Downstream chief executive officer Tufan Erginbilgic commented: “BP’s retail strategy is focused on delivering a strong, differentiated offer built around top-quality fuels, lubricants and convenience for consumers in growing markets worldwide. We are delighted to be the first international oil company serving Mexican consumers in what is the sixth-largest consumer gasoline and diesel market globally.”
The new BP sites in Mexico will feature inviting retail stores and full-service refueling islands offering BP fuels with ACTIVE technology, that help to protect consumers’ engines. Developed and tested by BP engineers and chemists in their world-class laboratories, this technology is unique to BP and new in the Mexican market.
BP plans to open around 200 BP-branded retail sites in Mexico this year including both dealer and company owned-and-operated sites.
– MMEX Resources plans to build US$ 450 million refinery near Mexico – Texas border
– Boosted by gas prices, Mexican Inflation quadrupled in January
– Mexican gas prices increase to boost fuel-efficient cars sales
– Kansas City Southern heads joint venture to relieve Mexican fuel demand