The first Costco gas station in Mexico has opened in San Luis Potosi, under the brand Kirkland Signature. Members of the warehouse club obtain a lower price than the rest of the public. Payments can only be made by debit or credit card, or Costco certificates. The U.S. company has invested 58 million pesos in this venture, which it says will be the first of several throughout Mexico.
Since reforms to the nation’s energy sector opened the door to foreign competition, various oil giants – including Shell, Exxon and BP – have announced plans to enter the gas station market.