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Liquefied-petroleum gas market lacks 'effective' competition, Mexico's Cofece says

( October 13, 2022, 17:23 GMT | Official Statement) -- MLex Summary: The liquefied-petroleum gas distribution market in Mexico lacks "effective" competition, the national antitrust authority said. The Federal Economic Competition Commission, or Cofece, said the market is concentrated in few players; distributors have high gross profit margins at national level; there are "important" economic and regulatory barriers to entering and exiting the market; and there is a lack of entrants into the market, though there is an increase in profit margins from existing players. Cofece said changes in the sector depend on the Energy Regulatory Commission, which decides LPG prices.Cofece press release follows in Spanish:...

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