Gasoline and diesel are still increasing: they have risen by 4% since this midnight

fuel prices will rise an average of 4% from midnight Thursday. This is the increase stipulated by the companies with the Ministry of the Economy for December. The new month starts at midnight, and companies have advanced with this provision, endorsed by the Government.

The increases will be applied by service stations displaying the Shell and Axion brands. Everything indicates that the other oil companies – YPF, Puma – will continue on this path in the coming hours.

the oil companies they agreed to three 4% hikes a month in the months of December, January and February. And an increase of 3.8% for March. This has been discussed with Massa and it implies the collaboration of these companies in the “Fair Prices” programme, which aims to contain inflation in the coming months.

This agreement is conditional on there not being a sharp devaluation of the official exchange rate and on oil companies having dollars for imports. Especially for some products such as diesel.

common naphtha It’s already up 60% so far this year. In the case of the award, it was 70%. In diesel, the increases exceed 100%. In this fuel, it depends on imports. It had been missing for several months, so its price rose faster than the others.

Those accumulated up to now could be modified when the details of the 4% increase are reported: some products could go up a little more (such as petrol, which is lagging behind) and others less (such as diesel). This composition of the increase is being defined by the oil companies.

The mass-consumption companies had asked the oil companies for it add to “Fair Prices”. They understand that they could not freeze their products if there were increases in logistics costs.

To get oil companies to join, the government has postponed fuel tax increases and set up a table on the increases that biofuel producers can apply to them. Refiners are required to incorporate organic “cuts” into their products.

The amounts of Argentine suppliers continue to be lower – in dollars – than those of neighboring countries. From Paraguay and Uruguay cross borders to fill local fuel tanks, as they are cheaper than in their territories.