Mexico finances the Cuban regime while Pemex sinks into debt

Between May and August of 2025, Mexico sent more than 3 billion dollars in subsidized fuels to Cuba through the state subsidiary Gasolinas Bienestar, a figure that triples the shipments recorded during the last two years of the previous administration.

This has raised serious questions about transparency, public spending priorities, and possible diplomatic risks, as some of the shipments may have been carried out using a vessel sanctioned by the United States.

Quantity, frequency, and routesIn those four months, 58 shipments of hydrocarbons – including gasoline, diesel, and crude oil – were documented leaving Mexican ports for the Caribbean island.Most of those ships departed from Coatzacoalcos, Veracruz, with only three leaving from Tampico, Tamaulipas.

The shipments are carried out by Gasolinas Bienestar, a Pemex subsidiary created in 2022 with the declared mission of supplying Cuba with subsidized fuel.

Use of a sanctioned vessel

One of the vessels identified on these routes was the Sandino, included in 2019 by the United States Office of Foreign Assets Control (OFAC) on its blacklist for participating in operations linked to the shipment of Venezuelan oil to Cuba.

In August, the Sandino sailed from the Pemex terminal in Laguna de Pajaritos, Veracruz, and arrived seven days later at the “Camilo Cienfuegos” refinery in Cuba.

Financial impact and budget comparison

The more than 3 billion dollars equate to about 60 billion Mexican pesos, approximately the same as the projected budget for the Secretariat of Security and Citizen Protection (SSPC) in 2026.

Gasolinas Bienestar has already reported losses and debt in its first year of operation, attributed to the “gifted” fuel to Cuba.

This increase in shipments occurs while Pemex faces financial and debt challenges, raising concerns about the sustainability of these subsidies.

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Author: HP McLovincraft

Seeker of rabbit holes. Pessimist. Libertine. Contrarian. Your huckleberry. Possibly true tales of sanity-blasting horror also known as abject reality. Prepare yourself. Veteran of a thousand psychic wars. I have seen the fnords. Deplatformed on Tumblr and Twitter.

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