Fuel theft costs Mexico up to 3.9 bln USD yearly, says president

 (UNI) President Andres Manuel Lopez Obrador said on Monday that fuel theft makes Mexico lose between 2.9 and 3.9 billion U.S. dollars a year, vowing to combat the crime.

Lopez Obrador told reporters that he would soon unveil a plan to fight the growing scourge, saying “it is a serious problem because they steal between 60 and 80 billion pesos (around 2.95 and 3.93 billion U.S. dollars) a year” from state-owned pipelines.

“We have already appointed a coordinator … and all government agencies are working together” on a strategy to tackle the problem, he said.

Fuel stealers include not only organized crime groups, but also corrupt employees of the state-owned oil company, Petroleos Mexicanos (Penex), said Lopez Obrador.