Fuel Costs in Guatemala on the Black Market

in Business Risk, Environmental Threats

According to the Guatemalan Association of Fuel Retailers, between 300,000 and 350,000 gallons fuel is smuggled into Guatemala from Mexico each day. Based on the current price of $4.20 per gallon, the illegal fuel is worth $1.2 to $1.3 Million per day.

Criminal justice officials in Guatemala report that organized crime groups smuggle the fuel into the country through 8 to 9 points along the 500 mile border with Mexico. With the profits from the illegal fuel sales, the crime syndicates then launder the money into building new gas stations.

Source:  Charles Parkinson, “Crime Groups Flooding Guatemala with Illegal Fuel from Mexico,” Insight Crime, December 11, 2013.

Addition oil theft statistics.

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