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. “The opening to imports of third parties is a decisive action,” Pena Nieto said at IHS CERAWeek in Houston. Allowing for gasoline to be imported “will trigger private investment, and will allow for strong competition in the fuel sector by 2018.” Pena Nieto is striving to attract investment into the country after the collapse of oil prices undermined his move to overhaul the energy industry. Pemex is still the only sizable producer in Mexico, and its filling stations are the only option for […]