Friday , May 20 2022

Oil companies predict price decline – Economy


Oil companies, along with YPF, are preparing to reduce gasoline prices next weekIn some cases, it would be a 4% increase, after a week after the fall of the international crude, it passed on Saturday.

The Energy Secretariat, Javier Iguacel, has discussed the issue of oil companies, so paper makers believe that the pumps will be very strong for the users to have a minimum rest period next week. 70% increase over the whole year.

The Government's argument is not only Brent cotton drop, that is, as a reference in Argentina, but also Exchange stability, over the last few days without the dollar's reorganization.

On the other hand, the oil companies recalled that this month will be the weight of two fuel taxes, which is to apply the emissions of carbon dioxide and the classic ITC to regulate inflation.

In December, the two taxes would add up to 25% weight to the pump value.

For this reason, in some fuels, for example, it is calculated Super Nautilus, decrease in December 2%.

Instead, Premium naftas would have an average 4% lower, according to the calculation of the oil companies, respecting the costs of their refineries.

According to official data, gasoline and diesel shipments fell 2.8% in October compared to the same month of 2017.

However, premium gasoline has reduced significantly the drop of 28.8% due to the rise in prices, which could result in higher prices in this fuel.

One year ago 253 thousand cubic meters sold for 180 thousand.

In the case of High Quality Diesel, Level 3 sales decreased by 6.6% in the last 12 months.

In November, it began with 5% increase in Shell and Axion, but it had to be reduced to a half a week, YPF, 56% of the market, targeting only 2.5% of products.

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