Mexican President Andres Manuel Lopez Obrador said on Tuesday that a government drive to stamp out fuel theft launched days after his administration took office had generated savings of 12 billion pesos ($635 million). Lopez Obrador closed six major pipelines where thieves and criminal gangs were siphoning off fuel worth billions of dollars as part of a plan launched in late December to tackle intensifying theft from state oil company Pemex. Instead, the fuel from the closed pipelines is delivered by tanker trucks. “We have so far saved 12 billion pesos, at the Pemex price, not the price of gas stations,” Lopez Obrador told his regular daily press conference. Early on, the crackdown led to gasoline shortages and […]