fuel prices it will rise from 6% to 8% from midnight this Wednesday. the redial will be started by YPFthe main oil company in the country, and then accompanied by the rest of the companies.
The increase of gasoline will be 5%while in diesel it will reach 7% in the national average.
The increase in the city of Buenos Aires is 6% for gasoline and 8% for diesel.
Wanted reduce the price gap between Buenos Aires and the interior. In particular, with the Northwest provinces. There, prices will rise 1% less than in Buenos Aires.
price increase It will have a lower impact on petrol than on diesel. In the latter, there is a greater weight of imports. For this fuel, purchases from outside are higher than those made for petrol.
The devaluation of the official dollar since the last adjustment – made in October – was 6.8%. In November, pipeline ethanol also increased by 4.7%, an input that is used in cuts that require biofuels.
the liter of super petrol of YPF in the service stations of the city of Buenos Aires will be located around $ 146while premium gasoline will go towards a range close to $ 180.
The liter of premium gasoline has increased 61% so far this yearwhile super gasoline has risen less, around 52%. Diesel accumulates a 74% adjustment.with the premium variety rising above that percentage.
In the sector they allocate an average of 62% between the two cuts (gasoline and diesel “common”). If you look at the quantities of “premium” varieties, the increase is greater.
It is estimated that the accumulated inflation in these 10 months (from January to October) exceeds 75%. Even with this correction, super gasoline would be below that indicator. Conversely, with this increase, diesel would almost equal the increase in the cost of living.
In a year-over-year comparison, fuels rise less than French bread, oil, ordinary wine, toilet soap or clothes, according to industry data.
fuel prices They vary a lot depending on the place.. The stations in the city of Buenos Aires have the cheapest amounts in the country, with the exception of Patagonia. In the suburbs they already cost a little more. And inside, the gap widens.
providers will continue to have comments during the past two months. “There may be movements between now and the end of the year. We are in an inflationary context ”, said the Secretary of Energy, Flavia Royón, in radio statements.
“The fuels they are lagging behind inflationThe official said.
During this year, fuels increased in February, March, May and October, in addition to the increase recorded now. It is the fifth of the year.
In October, oil companies applied a 6% hike, which they justified by updating the taxes they pay and a higher price for the biodiesel they have to buy. There has also been an improvement in their margins.
as anticipated Clarionein the sector there was already talk of two increases for this last two months of the year and it was said that none would be less than 6%.
The values of the other oil companies (the Shell, Axion and Puma brands) exceed those of YPF, and also skyrocket in the interiors, with differences up to 20% from Buenos Aires.
In the government they understand that fuel prices in Argentina are cheaper than in neighboring countries.
The super naphtha will arrive in November to be shipped at one dollar at the official exchange rate and less than 50 cents if used by dollars in stock exchange operations.
The liter of gasoline has been identified in the last 30 years close to the dollar most of the time. In Brazil it is sold under the dollar, as in Colombia. In the rest of South America, filling the tank is more expensive than in Argentina.
The increase in gasoline certainly it will bring reactions among consumer goods companies. The government is looking for some kind of price freeze there. But freight transport becomes more expensive after the increase in fuel.
The international context
The barrel of crude oil rose after the Russian invasion of Ukraine, when it exceeded $ 100, but then fell to an area of $ 80 in late September. In response, the main producing countries (gathered in OPEC +) have decided to limit production, with the aim of returning to reach a price of $ 100, something that is happening. On Wednesday, the Brent variety, which is the reference for Argentina, was 95 US dollars.
The international energy situation is altered from Russia.
The US government is allowing the sale of its oil reserves as a way to bring down fuel prices.
Joseph Biden’s administration too questions the margins of oil companies.
Source: Clarin
