Pemex Tax Payment Deferred as State Oil Firm Struggles With $100-Billion Debt

Mexico has allowed Pemex to defer its June monthly tax payments to July 31 as the government continues to support its state oil giant that has been reeling under $100 billion in debts for years.   Petroleos Mexicanos, as Pemex is officially known, has been granted a government deferral of the so-called DUC levy for May, due in June, according to a government decree published on Tuesday evening and cited by Bloomberg. The government hasn’t announced the amount of the deferred tax due, but payments for February and March have averaged…