Rocketing tanker freight rates send Mexico's fuel costs soaring

Aug 05 2022

(Reuters) - High rates worldwide for moving oil are driving up Mexico's fuel costs as importers face tanker fees on North America's busiest maritime route that are more than double levels seen in recent years, traders and shippers said.

A reshuffling of global oil flows in the aftermath of Russia's invasion of Ukraine and high marine fuel prices have boosted transportation costs for most fuel shipments.

Reuters article