Fuel sales fell 11.8% year-on-year and added 10 consecutive months of decline

Fuel sales fell 11.8% year-on-year and added 10 consecutive months of decline

October 23, 2024 – 11:40

An aggravating factor: the data marks an acceleration in the speed of fall for the second consecutive month (July -5.2% and August -9.2%). Furthermore, compared to the month of August, sales also showed a decline of -7.1%.

Ignacio Petunchi

During September, fuel sales to the public throughout the country They fell 11.8% year-on-year and have been down for 10 consecutive months.

The economic contraction and the decrease in border sales managed to record ten consecutive months of decline in fuel consumption. The consulting firm Politikon Chaco warns that, during last month, 1,313,875 cubic meters were sold, including gasoline and diesel. This is a year-on-year decrease of 11.8%. An aggravating factor: the data indicates second consecutive month an acceleration of the rate of fall (July -5.2% and August -9.2%). Furthermore, compared to the month of August, sales also showed a decline of -7.1%.

Regarding the accumulated figure for the year, the consulting firm notes that September closed with a sales volume 9.1% lower than that registered in the same period of 2023 and -7.8% compared to 2022. Even with that, it remains above the same period in 2019, 2020 and 2021.

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Analyzing sales by type of fuel, in September gasoline showed a decrease of 8.4% year-on-year with marked disparity depending on the segment: Super gasoline fell 3.7% year-on-year, but premium gasoline fell by -20.7%.

Regarding diesel, the overall result was a drop in 15.7% year-on-yearthe second biggest drop in the year. Within this, the common fell 19.3% and the premium fell by -8.5%.

At the federal level, all subnational jurisdictions recorded year-on-year declines. In this framework, the slightest decreases were seen in Land of Fire (-2.0%) and CABA (-6.8%). On the contrary, the most negative performances of the month were seen in Missions (-28.1%) and Formosa (-29.1%).

This medium sought to compare the data with the Ministry of Energy, but did not receive a response since the department of the Ministry of Economy “is in a moment of replacement” after the displacement of Eduardo Rodríguez Chirillo.

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In October, fuel prices fell but it was not felt at the pumps

As anticipated exclusively Energy Report, early October, YPF lowered the prices of gasoline and dieselalthough due to the effect of the 2% monthly peso devaluation (crawling peg) and the 1% fuel tax increase This decrease was not felt at the pumps and much less in the pockets of drivers.

YPF reported that as of midnight on Tuesday, October 1 The price of gasoline would drop by 4% and diesel by 5% average throughout the country. But at the same time, he clarified that “This decrease will not be reflected directly at the pump, because there is a 3% increase as a consequence of the devaluation and the increase in taxes (1%).”

In short, At the pumps the reduction was just 1% on gasoline and 2% on diesel.

Source: Ambito

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